Login ID:
Password:
Partner Login
Contact Us : 7066511911

Technical: Chana Indore- Consolidation can be witnessed

20 Mar 2017 11:57 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated – 20/03/2017

CHANA- CHICKPEAK INDORE - last close 17/03/2016- 5175: Consolidation can be witnessed


Weekly


Wave a is in progress and may end at current level of 5175 or at 4150.


Bounce can happen from current level to 4150 for a pullback.


Indicators are in oversold zone and lower range in near term could bottom out at or around 4150.


Sustained fall below 4150 can lead to a sustain slide again.


The low registered till now is 4600 and closed at 5175 as on 03/03/2017.


Attempt to pullback was seen but sustainability of pullback will be key to mark a reversal.


Resistance will be at 5500 and 5800.


A rise and close above 5500 can mark a reversal for the bottom.


On rise and close above 5500 a pullback towards DRV 6394 can be tested.


Consolidation above 4600 could be witnessed unless immediate decisive fall below 4600 is witnessed.


Conclusion


Consolidation above 4600 could be witnessed.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Technical: Masoor Canada Crimson: Accumulate At Lower R...
Technical: Tur Lemon Mumbai: Breakout Need To Confirm N...
White Pea Edges Lower At Kolkata
Weekly: Pulses Drop On Listless Demand, Adequate Stock,...
Technical: Matar Canada Mumbai: Rise To Continue With V...
more
Top 5 News
Technical: Guarseed Bikaner: Support Likely At Current ...
Technical: Cotton Seed Oil Cake Kadi - Lower Level To B...
Technical: Cotton Seed Kadi: Expect Lower Range To Be T...
Technical: Masoor Canada Crimson: Accumulate At Lower R...
Technical: Black Pepper Kochi: Further Downside Moment...
Top 5 Market Commentary
DJ Aluminum Extends Jump Amid Stock Drawdown -- Market ...
India Chana Arrivals Market Wise Apr 19
धनिये मेæ...
DJ Aluminum Extends Surge as Rusal Struggles With Sanct...
Spot Guarseed/Guargum Bounced Back Strongly On Demand
Copyright © CC Commodity Info Services LLP. All rights reserved.