Technical: Mumbai Lemon Toor - Further Weakness Below 3250

Dated 17/07/2017

Monthly Chart

Support is at 3250.


Further weakness is below 3250.


On fall below 3250 expect slide to continue towards 3000 and 2725.


Resistance is at 3500-3950.


Pullback reversal is above 3950.

Conclusion

Trend is still down and bias is as well.


Swing can turn up if rise and close above 3950 is witnessed for pullback rally. Weakness will continue below 3250.