Technical: Sugar - Lower Range To Attract Support

Dated 21/12/2018

Sugar M Grade Delhi- 3084 - Lower Range To Attract Support On Monthly Chart

Support on month chart at lower range can be witnessed. The lower range can be 2932-2635-2480.

Resistance will be at 3132-3245-3411.

Lower range can attract support. Upside momentum is above 3411.

Overall for near term band is 3411-2635.




Conclusion

Correction can be for accumulation as it is likely to be for consolidation before a new breakout.

Accumulate at 2932 or below as long as 2635 is not violated.