Technical: Chilli Guntur - Near Term Rise Likely

Dated 19/08/2017

CHILLI Guntur- Last Close-19/08/2018: 5536- Near term rise likely

Monthly Chart

Near term to short term rise towards DRV is likely which is around 6652 from current level of 5526.


Swing bottom appears to be in place as bounce has come from the support of 4504.

The low registered recently was 4446.

Conclusion

Cover short position as near term rally towards DRV-6652 likely.