Technical: Jeera Unjha- Sideways Consolidation In Progress

Dated 26/05/2017

JEERA Unza – Last Close- 26/05/2017 -18287: Sideways consolidation in progress

Monthly Chart

Sideways consolidation is being witnessed.

On further breakout and close above 19581 expect a rally to 20974.

Support will be at 17150-17000.

Correction resumes below 17000.

Conclusion

Near term to short term perspective hold long position with 17000 stop loss and use rise to 19581 to take profits as resistance is at higher range.

Add long position if 19581 is crossed.

Overall hold long position as near term consolidation and sideways movement can lead to a rise above 19581.