Technical: Guar Seed Bikaner- Expect Rally To 4250 In Near Term

Dated 10/03/2017

GUAR SEEDS BIKANER- Last Close-3880 : Expect rally to 4250 at least in near term to short term

Weekly Chart

In last few weeks, we had indicated that reversal could happen shortly.

The resistance of 3350 was crossed after our last update which terminates Wave (e) and new bull run appears to be in place now.

The lower top of 3827 has also been crossed suggest that rally will remain for medium term with volatility.

A sustained rise and close above 3350 can show a reversal from the falling trend.

The same has been witnessed.

Expect in due course of time rally to 4900-5200.

Initially the level could be 4250 for the upside and subsequently to 4900.

Conclusion

Expect a medium term rally with volatility to test 4250-4900-5200.