Technical : Dhaniya Kota Spot : Breakout Above 5700 Is Essential
DHANIYA KOTA- Last Close-5469
The 55VA is below 89 VA and price is above 55 VA.
Current price is in between the 2 averages as can be seen from the chart.
Sideways movement between the averages is being witnessed.
Near term rise can resume on sustained rise above 5700.
Once the up trend start by sustaining above 89 VA, the rise can extend to 6450 at least and may extend to 7277.
Down move will resume on fall below 5330.
Minor correction is possible before moving higher above 5700.
Conclusion
Sideways movement is being witnessed. Upside momentum is above 6450 on closing.
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