Dated 19/04/2017
Moong/Green Peas Jaipur- Last Close -18/4/16- 5100: Correction/Consolidation for near term
Weekly Chart
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The lower top of 5300 is being tested.
Correction to DRV and below to gap can be witnessed.
DRV is at 4972 and gap is at 4800-4600.
Correction will be for consolidation before making attempt to cross the lower top of 5500.
Profit booking for near term can be witnessed for minor correction and consolidation.
Conclusion
Exit long and distribution is likely to be seen till 5500 is not crossed. Correction to gap of 4800-4600 can be for accumulation.
As long as 5050 is not violated consolidation could be witnessed at the gap mentioned above.
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