Dated 22/08/2017
WHEAT Spot Delhi - Last Close-1761 - Correction/consolidation still happening
Monthly Chart
Stochastic is in oversold zone therefore near term rise could be witnessed with volatility.
Support is at 1752 and 1700.
A fall and close below 1700 can extend the slide towards 1650-1600.
Further rise is above 1780.
Consolidation could be happen till 1700 is not violated.
Conclusion
Consolidation could be happening till 1700 is not violated.