Technical: Chilli Guntur - Trend Is Still Down

Dated 22/2 /2017

CHILLI GUNTUR- last close-22/02/2017-6582: Trend still down

(Monthly Chart)

Wave a of larger degree Wave B is in progress which may end at current level or at 4864.


Support points can be 6096-5736-4864 which can be the likely point for the halt to the fall.


Trend is still down.

Reversal process can resume if sustains above 7020.

Conclusion

Expect Lower Range To Be Tested