Technical: Turmeric Nizamabad - Breakout Need To Confirm Rally

Dated - 11/06/2018

TURMERIC Nizambad - Last Close - 7283 - Breakout Need To Confirm Rally



The view mentioned in last update remains the same as not much variation is price have been notice in relation to previous update.

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- 7283 or below till 6500 is not violated.

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