Mumbai (Commodities Control) – A brake in the bullish trend of Mumbai pea prices is likely in the vicinity.
Charts indicate that Pea (Mumbai) spot prices trading near multi-year highs will cool off. From a chart perspective, the RSI appears to be overbought and suggests a phase of profit-booking may be underway.
It is seen that on a potential decline, pea prices may have a good support near Rs. 5,650.