Technical: Barley Jaipur Spot: Minor Pullback Towards Average Likely

Dated 27/08/2017

Barley Jaipur- Last Close- : Last Close 1483: Minor Pullback Towards Average Likely



Trend is down and is in bear market.

Price are below the averages and 55 VA is below 89 VA indicating bear market.

Rise for near term to averages can be seen for Wave b.

The averages are placed at 1522 and 1539.

Further weakness is below 1437.

Pullback retracement level will be at 1511-1572-1624-1675.

For near term rise towards 1511 is likely.

Conclusion
Bear market pullback rise towards averages of 1522 and 1539 can be witnessed. Trend is down and down momentum is below 1420.