Technical: Mustard Seed Jaipur- Trend Is Still Down

Dated 28/04/2017

MUSTARD SEED JAIPUR- Last Close-27/04/2017-3785: Trend is still down

Monthly Chart

Expect slide towards 3640, 3420 and 3350 in near term to short term with volatility.


Resistance will be at 3865-3945-4100.


Exit long and sell on rise till 4100 is not crossed.

Accumulate at 3420-3350 as the opportunity arises.

Conclusion

Trend is down objective remains to exit long as lower range is likely to be tested with volatility.

Sideways movement is likely for consolidation/distribution and till then trend is down/ prices are below 4100, sideways movement can be more for distribution.