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Technical: Chana Indore - Trend Still Down

30 Apr 2018 1:34 pm
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Dated – 13/04/2018
CHANA- Chickpeas Indore - Last Close : 3600 - Trend Still Down


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



Support could be seen around 3200.

S
upports are likely to be tested with volatility.

Pullback resistance will be at average of 3750 and 3900.


Conclusion
Trend remains down and support will be tested.

Bounce recovery may happen from lower support levels.

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

P
ullback to averages can be used to exit long position.

       
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