Technical : Barley Jaipur Spot : Expect Support At Lower Range
Barely Jaipur- Last Close- : 1483
Monthly Chart
The 55VA is below 89 VA therefore bear market is still being witnessed.
The averages are being tested.
The averages are placed at 1501 and 1517.
Trend will turn up if sustains above 1517.
Traders short and holding the same can maintain the stop loss at 1517.
Pullback rally can be seen above 1517 closing.
Pullback retracement levels are placed at 1574-1622-1671.
If sustains above 1517 then expect a rally.
A slide towards 1424 and be tested with volatility as long as 1517 is not crossed.
Conclusion
Resistance at averages therefore exit long and selling is the first objective.
If breakout and close above 15171 is witnessed the expect rally to 1571-1622-1671.
Support expected at 1400.
Rate this story
Rated
0.0
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.
0 Comments 
Post Comment 
