Technical: Chilli Guntur - Trend Is Still Down

Dated 08/03/2017

CHILLI GUNTUR- last close-23/03/2017-6300: Trend still down

Monthly Chart

Wave a of larger degree Wave B is in progress which may end at 4864 or at 4504 or at 3690.


Indicators are falling and not yet shown signs of turning.

Till the lower levels are not attained bias remains for lower levels.

Reversal can resume for pullback if 6536 is crossed.


Trend is still down.

Conclusion

Expect Lower Range To Be Tested