Technical : Burmese Urad Faq Mumbai Spot : Reversal Is Above 4345 23 Feb 2018 1:49 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 23/02/2018 Technical : Burmese Urad Faq Mumbai Spot : Reversal Is Above 4345 URAD FAQ MUMBAI- Last Close- 4050 Daily Chart with long term Averages The trend is down as can be seen from the chart as closing are below blue and pink colour 55 and 89 variable averages. Further 55 VA is Below 89 VA which suggest down trend and bear market. The last bottom of 3500 will be tested in near term to short term. Pullback towards 55 VA and 89 VA has been witnessed. Resistance is likely to be at 55VA and 89 VA which are at 4123 and 4331. Rise and close above 4345 can resume the up trend but bull market will start once 55VA is above 89 VA. Weakness will continue below 3500 On fall and close below 3500 expect a slide to 2800. Trend is still down therefore with volatility the price slide can be witnessed to lower level. Price are now slow to fall therefore if 89 VA is crossed on closing which is at 4345 then reversal process could resume. Conclusion Consolidation at lower level is likely. Reversal above 89 VA -4345.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Akola Pigeon Pea (Tur) Desi Bilty Trending Higher / Ne... Mumbai Masur Canada Crimson Container Weak Price Trend... more Top 5 News Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 26 Apr 2024 DCE Oil Complex Evening Closing - 26 Apr 2024 DCE Daily Rates Update ( Time: 20:19 ) - 26 APRL 2024 ICE/ZCE Daily Rates Update ( Time: 20:18 ) - 26 APRL 2... Market Wise Urad Arrivals: Supply Down By -15.07% Again...