Technical: Black Pepper-Garbled Kochi- Down Move To Continue

Dated 25/012019

Black Pepper-Garbled Kochi- Last Close-3865 Down Move To Continue

Support will be at 354-340. Further downside momentum is below 340.

Resistance remains at higher range of 371-385.

A rise and close above 386 can resume the up trend to test 414.

Overall trend has been down as can be visible in the falling chart.




Conclusion


Down trend resume and resistance need to get crossed . Objective remains to exit long and sell till reversal is not witnessed.