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Technical : Black Pepper garbled Kochi : Expect Some Recovery

17 Mar 2018 2:46 pm
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Dated 17/03/2018


Technical : Black Pepper garbled Kochi : Expect Some Recovery

BLACK PEPPER-Garbled Kochi- Last Close- 410





Trend is down as prices are below the averages.

The 55 VA is below 89 VA indicating a bear market.

Exit long till the recent peak of 478 is not crossed.

Further weakness is below 397.

The 55 VA and 89 VA are likely to offer resistances which are placed at 423 and 434.

Conclusion

Expect 423 and 434 to be tested and objective remains to exit long on rise.

Downside movement is below 397 closing.

       
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