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Technical: Guar Gum Jodhpur- Support At Lower Range 8215-8124

25 Jan 2019 5:26 pm
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Dated 25/01/2019

Guar Gum Jodhpur- Last Close - 8577 Support At Lower Range 8215-8124

Resistance will be at 8906.

Support is at 8215 and 8124.

Correction phase of the rise from 7386 to 10304 is being witnessed.

Correction can end if resistance of 8906 is crossed.

Trend line breakdown is below 8164 and subsequently make show slide to 7386 or below.

The low registered in last fortnight was 8124 but recovered to 8577.

Further weakness is below 8124.

Conclusion

Support at 8215-8124 critical for recovery. Reversal from correction trend is above 8906.


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