Technical: Mustard Cake Jaipur- Minor Pullback Likely

Dated 17/07/2017

MUSTARD CAKE- last close-1615- Minor pullback likely

Weekly Chart

Trend is still down as prices are below the DRV and the pink line as shown in the chart.


DRV is 1724.


Weakness will be below 1590.


Expect a rise towards DRV in near term to 1724.

Conclusion

Trend is down but covers short position as minor near term pullback is likely.