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 Weekly: ICE raw sugar futures post double digit price d... Weekly: ICE raw sugar futures extend week of loss on am... Weekly: ICE raw sugar futures track oil higher; US plan... Weekly: ICE raw sugar futures returns to weekly loss on... Weekly: ICE raw sugar futures snap four week of loss; g... more Top 5 News US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Castor Oil (Kadi) Weak Price Trend / Next Support at R... Top 5 Market Commentary ZCE Daily Rates Update ( Time: 21:23 ) - 25 APRL 2024 DCE OIL COMPLEX EVENING CLOSING 25 APRL 2024 Market Wise Urad Arrivals: Supply Up By 3.99% Against P... ICE/ZCE Daily Rates Update ( Time: 20:01 ) - 25 APRL 2... DCE Daily Rates Update ( Time: 20:15 ) - 25 APRL 2024