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.


N       
  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
Weekly: Tur, Urad, Masoor Decline Most In Pulses Comple...
Technical: Mumbai Toor Lemon –Pigeon Pea-Accumulate At ...
Technical: Mumbai Matar Canada - Correction Is For Accu...
Technical: Chickpea (Chana)-Accumulate
Technical: Pigeon Pea (Tur) Akola Bilty-Accumulate
more
Top 5 News
Weekly: Tur, Urad, Masoor Decline Most In Pulses Comple...
Technical: Mumbai Toor Lemon –Pigeon Pea-Accumulate At ...
Weekly: Cotton Slips This Week; Sideways Trend Likely A...
Technical: Cotton Seed Gujarat Kadi-Accumulate on corre...
Technical: Mumbai Matar Canada - Correction Is For Accu...
Top 5 Market Commentary
Burma Urad Ends Down At Mumbai Ahead Of Madras High Cou...
Maharashtra Sugar Mill Prices – 15 December 2018.
Punjab Sugar Mill Prices – 15 December 2018
Nafed Sale Detail Of 500 MT Chana (Rabi-2018) In Madhya...
Uttar Pradesh Sugar Mill Prices - 15 December 2018
Copyright © CC Commodity Info Services LLP. All rights reserved.