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Technical: Sugar M Grade Spot Delhi- Near Term Rise Possible

10 Jan 2019 3:23 pm
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Dated 10/01/2019

Sugar M Grade Spot Delhi- Last Close-3170: Near Term Rise Possible

Correction for Wave e appears to be ending and the confirmation for the same can be seen if trend line breakout is witnessed.

Swing bottom for a higher bottom is at 3030.

Resistance will be at 3224-3312.

A breakout above 3312 can set a rally for rise towards 3411 and 3520.

Support is at 3132-3084-3030.




Conclusion

Accumulate at 3132 and 3084 or below if the opportunity arises.

Up move can be seen above 3200 to test the resistance of 3224-3312.


       
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