Technical: Sugar M Grade Delhi- Expect Near Term Rally



Technical: Sugar M Grade Delhi- Expect Near Term Rally

10 Feb 2017 2:50 pm

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Dated 10/02/2017

SUGAR M GRADE DELHI – last close-3945(10/02/201): Expect near term rally

(Monthly Chart)

Wave (c) is in progress and may get punctured only below 3682.

Expect 4305 is likely to be tested.

Eventually, the stock can show a rally to 4830.

Conclusion

Overall bullish till 3682 is not violated

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