Technical: Mumbai Matar Canada - Sideways Movement Being Witnessed



Technical: Mumbai Matar Canada - Sideways Movement Being Witnessed

21 Mar 2017 12:10 pm

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Dated 21/03/2017

MUMBAI MATAR CANNADA - last close- 21/03/2017- 2401: Sideways Movement Being Witnessed

Weekly Chart

Correction and consolidation is in progress with band of 2501 to 2130.

Trend down on the weekly chart shown above and movement will remain between 2501-2130.

Narrower band can be 2501-2300.

Resistance will be at higher range of 2480-2501.

Weakness can resume below 2300.

Conclusion

Sideways volatility and consolidation to remain till 2501 is not crossed on closing.

Downside momentum is below 2300 closing.

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