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Technical: Masoor Mumbai Canada - Down Move Continues

19 Apr 2017 12:58 pm
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Dated 19/04/2017

Lentil (Masoor) - Canda Crimson – last close-4075- 17/04/2017- Down move continues

Weekly Chart



Pullback to DRV was witnessed that is the pink line on the chart and resume back the down trend.


Support will be at 3850-3750.


Further rise is above 4600.

Conclusion


Exit long on rise till 4600 is not crossed. Accumulate at 3850 or below and downside momentum is below 3700 therefore exit all long if any below 3700. Near term rise towards higher range of 4300-4600 is to exit long position.


       
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