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Technical: Moong Jaipur- Sideways Movement Is Being Witnessed

10 Oct 2018 2:47 pm
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Dated 10/10/2018

Moong/Green Peas Jaipur- Last Close 5050- Sideways Movement Is Being Witnessed

The view as mentioned in previous update remains same and price are same. It has moved sideways in horizontal phase.


Lower levels may be tested before moving higher.

Averages are flat and horizontal indicating sideways behaviour.

Resistance is at 5200 and 5500.

Sideways movement is being witnessed.

Support is at 4700, 4362 and 4000.




Conclusion

Sideways volatility is being witnessed.

Breakout and close above 5500 is essential in time to come to set rising prices.

Wider band of movement 5500 and 4000.


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