Technical: Wheat Delhi- Expect A Rise Towards DRV



Technical: Wheat Delhi- Expect A Rise Towards DRV

29 Jul 2017 1:51 pm

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Dated 31/07/2017

WHEAT Spot Delhi - Last Close-1772.5 – Expect a rise towards DRV

Monthly Chart

Expect a rise towards DRV which is around 1832 from current level of 1768.

Support will be at 1755-1734.

Stochastic is in oversold zone therefore near term to short term rise is likely with volatility.

Conclusion

Accumulation to be under taken on support as the opportunity arises for near term pullback rise.

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