Technical: Turmeric Nizamabad - Breakout Need To Confirm Rally

Dated - 23/05/2018

TURMERIC Nizambad - Last Close - 7369 - Breakout Need To Confirm Rally



Wave (e) appears to be complete and needs a breakout above Wave (d) peak of 7850.

On sustained rise and close above 7900 expect a rally to 9700-9800 at least and may scale up to 16000.

On the immediate front, first objective is to provide the breakout above 7900 and then look at 9700-9800.

Weakness will resume below 6500 and till then correction can be for consolidation.

Conclusion
Accumulate at cmp-7363 or below till 6500 is not violated.

Add further if breakout above 7900 is witnessed for rally towards 9700-9800.