Technical: Masoor Kanpur- Further Weakness Is Below 4700

Dated 9/1/2017

MASUR KANPUR – Further weakness is below 4700

Support can be fetched at 4850-4700.


If the recovery has to happen then it could be now from the support zone.

Indicators are in oversold zone and a price rise now can create oversold zone exit situation which can trigger the pullback.

Down trend and weakness will continue below 4700.

Conclusion

Expect 4700 to be tested.