Technical: Castor Seed Deesa- Correction before next up move

Dated 19/2/2019

Castor Seed Deesa- Last Close - 5175 Correction before next up move

The view remains same as mentioned in the previous update.

Correction of the last rise from 3860 to 6100 is being witnessed.

Retracement levels are placed a 5002-4729.

Expect retracement to be tested.

Resistance will be at 5300-5600-6100.

Whenever breakout above 6100 is witnessed in time to come expect a rally to 7500.

Conclusion

Correction towards retracement can be witnessed before moving higher.

Accumulate at 5002-4729 as the opportunity arises.

Further rally is on next breakout above 6100. Initial rise in next fortnight towards 6100 can be used to take profits.