Technical: Turmeric Nizamabad: Recovery Needs To Happen Now

Dated - 20/04/2018

TURMERIC Nizambad- Last Close - 6633 - Recovery needs to happen now



Wave (e) retracement level of Wave (d) is at 6375.

The low registered till now is 6515.

The average will provide resistance which is at 7104.

Overall breakout and close above 7700 is essential for rally.

Support is at current level of 6633-6300.

Critical time as Wave (e) termination could be happening.

If deeper fall below 6300 is witnessed then bottom of Wave c will be tested which is at 5480.

Conclusion

Recovery from current level of 6633 to 6300 needs to happen now to attempt for reversal.