Technical: Jeerna Unjha-Expect Correction In Near Term To Short Term

Dated 21/12/2018

Jeerna Unjha- Last Close- 18730- Expect Correction In Near Term To Short Term

Resistance will be at 19200-20500.

Expect a slide towards 17139 at least and may extend down to 15258 in short term.

If breakout and close above the earlier peak of 21093 is witnessed then correction will end.

As long as the breakout is not witnessed rise will witness resistance to test the lower fib-projection of 17139 or below.


Conclusion

Expect correction therefore rise if any is for distribution till peak of 21093 is not crossed.