Technical: Mustard Seed Jaipur- Breakdown witnessed

Dated 28/02/2017

MUSTARD SEED JAIPUR- Last Close-28/02/2017-3800: Breakdown witnessed

(Monthly Chart)

Breakdown below 4000 was witnessed.

As indicated in last update that fall below 4000 could lead to a slide to 3810-3640 and 3350-3420.

The low registered till now is 3800.

Expect the support level of 3810-3640 and 3350-3420 to be tested with volatility.

Reversal can resume if sustains above 4300.

Overall till 4300 is not crossed objective remains to exit long.

Conclusion

Breakdown witnessed therefore expect 3810-3640 and 3350-3420 to be tested.