Technical: Mumbai Matar Canada - Correction/Consolidation At Lower Range

Dated 19/07/2017

MUMBAI MATAR CANNADA - Last Close- 18/07/2017: 2261 - Correction/Consolidation at lower range

Weekly Chart

A pullback towards DRV was witnessed which was at 2343 and high till now is 2311.

Expect consolidation between 2311 and 2121.

Support will be at 2181-2121.

Pullback will continue above 2311.

Conclusion

Expect correction and consolidation at lower range till 2121 is not violated.

Eventually, Matar price may move higher towards DRV-2343.