Technical: Dhaniya Kota - Down Trend Continue

Dated 23/05/2017

DHANIYA KOTA - Last Close-18/05/17-5751 - Down trend continues

Monthly Chart

Down trend continues.

Expect slide towards 4641 in near term to short term.

Resistance will be at 5977-6324-6551.

Exit long on rise to higher range if any.

Reversal can happen above 6551 closing.

Conclusion

Reversal is above 6551 and till then slide will continue with volatility to 4641.