Dated - 07/01/2019
Guar Seeds Bikaner- Last Close- 4282.5 Expect Resistance At Higher Range
A- Pullback is witnessed on monthly consolidated bar chart.
B- Structure pullback looks to be in place as a result of volatility and overlapping of swing top and bottom.
Resistance will be at 4550-4650-4775.
Down movement will resume below 4040.
Support will be at 4175-4040.
Strategy
Resistance is seen at higher range and till the breakout above 4775 is not witnessed upside momentum cannot be witnessed.
Expect profit booking pressure at higher registered range of 4550-4775.
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