Technical: Mumbai Matar Canada - Correction Is For Accumulation

Dated 13/12/2018

Mumbai Matar Canada - Last Close- : 4700 Correction Is For Accumulation

Support will be at averages to 4480 and 4271.

Trend is up with higher top and higher bottom formation.

Expect a rally in near term 6000.



Conclusion

Accumulate an correction as rally towards 6000 is possible with volatility and minor correction.

As long as 4200 is not violated correction to averages of 4480 and 4271 can be for accumulation.