Login ID:
Password:
Partner Login
Contact Us : 07666977977

Technical: Moong Jaipur- Reversal Has Been Witnessed

20 Mar 2017 12:20 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 20/03/2017

Moong/Green Peas Jaipur- Last close-5050: Reversal has been witnessed

Weekly Chart


Reversal appears to be in place after testing the earlier bottom of 4100.


The low last few week was 4250 and last week close was at 5050.


A close above DRV has been witnessed.


The lower top of 5500 will be tested.


The 61.8% retracement has been crossed along with the close above weekly DRV.


Whenever 5500 is crossed strong, a case of double bottom will be confirmed.

For the time being expect 5500 to be tested.


Trend has turned up based on DRV pink line as shown in the chart.



Conclusion


Trend turn up therefore expect lower top of 5500 to be tested in near term with volatility from current price of 5050.


       
  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: Urad FAQ Mumbai - Reversal Witnessed
Canada 2017-18 Matar (Dry Pea), Masoor (Lentil) Output ...
Urad Rises Sharply After Government Move; What Next?
Weekly: Pulses Down Amid Subdued Buying, Monsoon Reviva...
Technical: Masoor Canada (Mumbai) - Reversal Attempt Wi...
more
Top 5 News
Technical: Urad FAQ Mumbai - Reversal Witnessed
Canada 2017-18 Matar (Dry Pea), Masoor (Lentil) Output ...
Urad Rises Sharply After Government Move; What Next?
Technical: Wheat Delhi - Correction/Consolidation Still...
Technical: Sugar Delhi - Correction And Sideways Moveme...
Top 5 Market Commentary
Nafed Disposes 96MT Moong Below MSP On Aug 22
Express: China Sells 93.4% Of Cotton In 1st Session Of ...
Indian Cotton Future Rallies To Two Week High on Bullis...
CBOT Soybeans Ended in Negative on Mixed Factors
*DJ SGX Sicom Benchmark September TSR20 Down 0.1 Cent a...
Copyright © CC Commodity Info Services LLP. All rights reserved.