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Technical: Mustard Cake-Accumulate On Correction

10 Aug 2018 3:10 pm
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Dated 10/08/2018

Mustard Cake- Last Close 1802 - Accumulate On Correction

Price is now above the averages.

Averages are placed at 1781.

Further rise will continue above 1810 for 1860 and 1940.

Support will be around 1780 or below.

Major support area is at 1680-1650.

As long as 1680 is not violated correction from 1802 or below can be looked as opportunity for accumulation.




Conclusion

Accumulate around 1780 or below.

Expect a rise towards 1860-1940 zone in near term to short term.


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