Dated 14/08/2018
Mumbai Lemon Tur- Last Close-3437- Support/Consolidation At Lower Range
The view mentioned in last update remains the same as we have witnessed any major variation in price movement.
Trend is still down and sideways.
Resistance is at 3639 and 3756.
Lower top resistance is at 4120.
Breakout above the resistance can resume a rally.
Support of 3100-2800 is the base.
Downside could be limited to 3100-2800.
Reversal could be happening shortly
Conclusion
Breakout above the resistance can bring about a reversal and new rally.
Support and consolidation could be seen at lower level of 3100-2800.
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