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Technical:Chickpea (Chana)- Correction Is For Accumulation

10 Aug 2018 3:16 pm
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Dated 10/08/2018

Chickpea (Chana)- Indore- Kabuli 42-44 Count- Last Close-6450- Correction Is For Accumulation


Overall the price must not move below 5450.

Minor correction being witnessed is for consolidation.

A breakout and close above 7000 can set a rally towards 7334 and 8319 which are the averages as shown in the chart.

The averages could offer resistance in the event of the pullback rise from here on.



Conclusion

Lower levels is for accumulation to witnessed and trade a pullback rise towards 7334 and 8319 from cmp-6450.


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