Dated 22/08/2018
Sugar M Grade Delhi- 3225 - Consolidation Correction Could Be Seen
Correction to retracement of 3102-3018-2925 is likely to be witnessed for consolidation.
Subsequently, a breakout above 3400 can set a rally to 3800.
Consolidation for near term to short term could be seen before a breakout.
Conclusion
Correction can be for accumulation as it is likely to be for consolidation before a new breakout.