Technical: Chana Indore - Down Trend Still In Progress

Dated – 21/06/2018

CHANA- Chickpeas Indore - Last Close : 3612 - Down Trend Still In Progress



The price are same in relation to the last update therefore view remains the same.

Weakness is below 3500.

Trend is down as price are falling and are below the 55VA and 89 VA.

The 55 VA value is 3950 and 89 VA is at 4341.

The slope is negative and rise to the averages will provide resistance.

If 3500 is not violated immediately then expect a rise towards 4033 and 4426.

Conclusion
Trend is down and pullback reversal attempt could be possible as long as 3500 is not violated.