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Technical: Barely Jaipur - Correction Is In Progress

13 Apr 2019 4:44 pm
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Dated 13/04/2019

Barely Jaipur- Last Close- : 1750 - Correction Is In Progress

Higher top and higher bottom formation is in place but corrective up move is being witnessed.

Retracement of the last rally from 1473 to 1960 is being witnessed with retracement level of 1670-1598 to act as support .

Resistance will be seen at higher level of 1825-1920 on the rise if any.






Conclusion

Current objective remains to exit long on the rise to resistance as the opportunity arises.

Correction to test lower retracement of 1670 and 1598 with volatility.


       
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