Technical: Moong/Green Peas Jaipur - Breakout Above 5200 Is Essential

Dated 16/052018
Moong/Green Peas Jaipur- Last Close-4900- Breakout Above 5200 is Essential



Resistance is at 5200.

A breakout and close above 5200 can set a rise towards 5500.

Support is at 4800.

Sideways volatility is being witnessed.

A fall and close below 4800 will lead to a slide back to test back the bottom of 4200-4100.

Conclusion
Breakout essential above 5200 for near term rally.