Technical: Red Chilli Guntur Spot : New Rising Leg Resume

Dated 16/10/2017
CHILLI Guntur- Last Close-: 8317 - New Rising Leg Resume

The new price is at 8317.

The last closing in August 2017 was at 5711. Price opened at 8317 in October 2017.

Up Trend has resumed but bull market has not yet.

Prices are above both the averages but 55 VA is below 89 VA.

Wave C has resumed with internal of Wave i appears to have begun.

New Wave i appears to be in progress may end around 8904 or at 9954 or at current levels for correction to Wave ii.

Correction to Wave ii will be at averages which are at 7133 and 6219.

Conclusion
Up trend has resume for new large Wave has resume. Expect rise to 8904 and 9954 and can correction down to 7133 and 6219.