Technical: Urad FAQ Mumbai- Lower Range Can Attract Consolidation



Technical: Urad FAQ Mumbai- Lower Range Can Attract Consolidation

19 May 2017 12:56 pm

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Dated 19/05/2017

URAD FAQ MUMBAI- Last Close-5225 – Lower range can attract consolidation

Monthly Chart

Support cluster is at 4900-4400.

Trend is down and support zone is under pressure.

Movement will be between 4400 and 6350 from near term to short term.

Higher range till 6350 is not crossed is to exit long and lower range at 4400-4900 can be for accumulation.

Conclusion

Lower range can attract support and accumulation

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