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Technical : Wheat Delhi Spot : Expect Consolidation At Lower Range

3 Mar 2018 2:51 pm
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Dated 05/03/2018


Technical : Wheat Delhi Spot : Expect Consolidation At Lower Range

WHEAT Spot Delhi- Last Close 1781





Trend line breakdown is being witnessed.

Further weakness is below 1760.

A fall and close below 1760 can lead to 1725.

A rise and close above 1800 can mark a reversal.

Conclusion

Sideways correction movement is in progress.

Wave (c) could end around 1725 if fall below 1760 is witnessed.



       
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