Technical : Guar Seeds Bikaner Spot : Sideways Phase Is In Progress
GUAR SEEDS BIKANER- Last Close- 3680 : Sideways/Correction Phase In Progress
Daily Chart Available Data
The 55 VA is above 89 VA but price is fluctuating around the averages.
The average are flat and horizontal which suggest sideways movement for near term.
Further weakness is below 3500.
The 61.8% retracement has been tested which is around 3550.
Upside momentum is above 3775.
Consolidation could be happening at current level of 3650-3500.
Downside movement will resume below 3500.
Subsequently, Guar Seed prices will slide towards 3300-3200.
Conclusion - Sideways consolidation phase to emerge.
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