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.