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Technical : Mumbai Lemon Tur Spot : Expect Consolidation

20 Sep 2017 12:27 pm
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Dated 20/09/2017


Technical : Mumbai Lemon tur Spot : Expect Consolidation

MUMBAI TOOR LEMON- last close : 4000(16Sep): Expect consolidation

Monthly Chart







Minor correction and consolidation is likely at lower range of 3650 or below.

Swing bottom appears to be in place and further rally could be seen on rise and close above 4400.

Subsequently a rise towards DRV -5054 is likely to be witnessed once 4400 is crossed.

For near term expect 4400 to be tested with volatility and consolidation.

Conclusion

Expect consolidation in near term before moving higher to 4400 or above.

       
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