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Technical : Chana Chick Peas Indore Spot : The Trend Is Still Down

12 Mar 2018 11:56 am
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Dated – 12/03/2018


Technical : Chana Chick Peas Indore Spot : The Trend Is Still Down

CHANA- Chickpeas Indore, Last Close 3662.5






Trend is down as prices are below both the average and falling.

Support could be seen around 3400-3300 and at 3200.

Supports are likely to be tested with volatility.

Pullback resistance will be at average of 4419 and 4817.

Conclusion

Trend remains down and support will be tested.

Bounce recovery may happen from lower support levels.

Trend is down and till reversal is not witnessed long trades could be avoided.

Pullback to averages can be used to exit long position.

       
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