Technical: Dhaniya Kota - Down Trend Continue

Dated 27/07/2017

DHANIYA KOTA- Last Close- - 5080 : Down trend continues

Monthly Chart

Expect 4611-4013-3750 to be tested.


Resistance is at 5290-5500.


Reversal for pullback is above 5500.

Near term bias is still to test lower range with volatility.


Conclusion

Trend still down and till 5500 is not crossed bias remains to move below 5098.

Expect 4611-3750 to be tested in due course of time.

Subsequently expect 455-4100 to be tested.