Dated – 18/07/2017
Guar Gum- Jodhpur- last close-7944 Near term up trend likely
Weekly Chart
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On Weekly chart, trend line breakout attempt is being witnessed.
Trend shown is up as price is above DRV.
On sustained rise and close above 8000 expect a rally to 8600-8700 at least and may extend to 10000.
Weakness and sideways movement may be seen below 7700.
Consolidation on correction below 7700 could be seen.
Fall in between 7700 and 6600 can be for consolidation.
Conclusion
Near term rally likely. Accumulate on correction as consolidation could be witnessed.
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