Aditya Birla Nuvo approaching channel resistance 1320

Aditya             Birla Nuvo has been trading in bearish channel after retracing 50% fibo level and it seems to be approaching the channel resistance somewhere around 1320-1322, and further if breakout doesn't occurs it may further do towards the support 1125 in near term. traders may go long with a target of 1320.
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