Technical: Mumbai Lemon Tur - Trend Down With Resistance At Higher Range

Dated 25/06/2018

Mumbai Toor Lemon- last close-3550 – Sideways Down Trend Continues

Trend is down and resistance is at higher range.

Prices are below the averages which are at 55VA- 3714 and 89 VA- 3798.

Support is at 3350-3125.

Contraction of movement is likely between 3800-3100.

Breakout above 3800 can show reversal process.

Conclusion

Down trend to continue with sideways volatility unless reversal process resumes.

Trend is still down and sideways volatility is likely to emerge.