Dated 20/04/2018
Jeera Unjha - Last Close- 16214 : Expect Slide Towards 14,000 With Volatility
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Rising wedge breakdown has been witnessed and slide is already being witnessed.
Expect 14,000 level to be tested at least in near term.
Resistance will be at 17,200 and 17,900.
The resistance can be tested before moves down further towards 14344 or below.
Conclusion
Deeper correction and down trend is likely to be towards 14,000 from current price of 16,214. Rise is to resistance level is to exit long position as drift down to 14,000 is likely.
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