Login ID:
Password:
Partner Login
Contact Us : 7066511911

Technical: Kabuli Chana Indore - Further Weakness Is Below 5700

16 May 2018 9:34 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 16/05/2018

Chickpea (Chana)- Indore- Kabuli 42-44 Count- Last close-5950- Further weakness is below 5700



The Wave structure show a flat pattern based on available data.

Wave c is in progress which may end at or around 5900 or below.

Resistance is left at higher range 7500-8300.

Reversal process can resume above 8300.

Pullback may happen from current level towards the resistance.

If sustains below 5700 expect a slide further till reversal indication is not witnessed.

Conclusion
Expect support at current level to 5700 for minor pullback. Downside momentum can continue below 5700.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Technical:Chana- Chickpeas Indore -Attempt Of Near Term...
Technical:Pigeon Pea (Tur) Akola Bilty last cose -Sidew...
Weekly: White Pea, Urad Remain Firm This Week; Other Pu...
Technical: Urad / Black Mapte FAQ-Burma-Consolidation a...
Technical: Moong/Green Peas Jaipur-Sideways Movement Is...
more
Top 5 News
Weekly: Soybean Prices Likely To Stay In Higher Range
Technical:Chana- Chickpeas Indore -Attempt Of Near Term...
Technical:Pigeon Pea (Tur) Akola Bilty last cose -Sidew...
Weekly: RBD Palmolein Likely To Trade Higher Next Week ...
Weekly: White Pea, Urad Remain Firm This Week; Other Pu...
Top 5 Market Commentary
Bangkok/Kualalumpur Rubber Rates - Sep 25
Kottayam/Kochi Rubber Rates - Sep 25
Nutmeg , Mace Show Steady/Easy Trend On Sluggish Activi...
Cotton Trades Flat In Central/South India On Limited Bu...
Malaysian PM Cash Market Prices for Palm Oil - Sep 25
Copyright © CC Commodity Info Services LLP. All rights reserved.