Dhaniya Kota- Reversal Process Being Witnessed

Dated 1/08/2018

Dhaniya Kota- Last Close-5376: Reversal Process Being Witnessed





Resistance will be from the averages. The 55 VA is at 5197 and 89 VA 5351.


Support will be at 5000-4800-4400.


Reversal can be seen on breakout and close above 5650.


Consolidation support could be happening at lower level of 4800.


Conclusion


Attempt to reverse and turn the trend could be seen.


A breakout and sustained rise above 5650 will be required.