CHANA DELHI RAJASTHAN LINE- (Price in Rs/100 kg)
Breakout witnessed for 12600
Wave (c) unfolded in 5 wave structure. Wave iv complete at 6200 formed in August 2016.
Wave v is in progress which can move towards 12600. Breakout above the recent high has been witnessed which was at 9200.
Support on correction can be at 9200-8225-7250.
Overall major weakness is below 6200.
Conclusion /Strategy
Breakout above 9200 has been witnessed therefore expect the rise for Wave v to continue with volatility towards 12600.
Correction 9200-8225-7250 can be for accumulation.
(By Commoditiescontrol Bureau; +91-22-40015533)