Technical : Urad FAQ Mumbai Spot : Consolidation Being Witnessed 20 Sep 2017 12:30 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 20/09/2017 Technical : Urad FAQ Mumbai Spot : Consolidation Being Witnessed URAD FAQ MUMBAI- Last Close-4700(16 Sep) : Consolidation being witnessed Weekly Chart Consolidation is in progress before moving higher above 4425. Accumulation could be undertaken as long as the swing bottom low of 3500 is not violated. Support will be at 3850 and consolidation can happen around 3850. In the event of a sustained rise and close above 5050 expect a rally to 5244 at least and may extend to 6392. Conclusion Accumulate at current level of 4700 or below. Expect 5050-5244 to be tested in due course of time with volatility.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Special Reports Impact of Interim Budget 2024 on Indian Agriculture more Top 5 News Mumbai Black Matpe (Urad) Trending Higher / Next Resis... RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... Soybean Meal (Indore) Trending Higher / Next Resistanc... Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex... Weekly: ICE cotton futures post extend fall for sixth s... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 16 Apr 2024 DCE Oil Complex Evening Closing - 16 Apr 2024 Clove Prices Remain Stable in Key Markets Domestic Pepper Prices Surge; Vietnamese Prices Decline... Small Cardamom Prices Witness Uptick; Marginal Decline ...