Technical: Sugar M Grade Delhi - Sideways Movement For Near Term

Dated 26/04/2017

SUGAR M GRADE DELHI- last close-3816 : Sideways Movement For Near Term

Monthly Chart

Correction could be happen in near term to short term.

A retracement of the rise from 2357 to 3970 is likely.

Retracement levels are placed at 3591-3363-3177.

Further rise can resume whenever breakout and close above 3970 is witnessed.

Expect correction or sideways volatility in near term to short term.

Conclusion

Sideways movement seen therefore exit long and short position and wait for directional movement.