Technical: Black Pepper-Garbled Kochi-Lower Support For Consolidation

Dated 19/12/2018

Black Pepper-Garbled Kochi- Last Close-390- Lower Support For Consolidation

Support will be at 386-375-368.

Resistance will be at 393-402.

On further rise and close above 414 expect a rally to 454.

Up movement can resume above 402 to test 414 but eventually breakout above 414 is required.



Conclusion

Accumulate at support. Breakout above 414 can set a rally. Expect consolidation at lower range.