Technical : Dhaniya Kota Spot : Minor Pullback Is Possible
DHANIYA KOTA- Last Close- 4852: Minor Pullback To Averages Possible
In comparison to last update and considering current price movement not much change of view is noticed.
Down trend because prices are below averages and 55 VA is below 89 VA.
Wave c is in progress which can end around the bottom of Wave 2.
Lower levels which are likely to be tested with volatility will be 4222 and 3800.
Minor pullback towards the 55 VA and 89 VA can be witnessed.
The averages are placed at 5314 and 5787.
In due course of time price may slide to 3800-3700.
Conclusion
Trend is still down.
Minor pullback towards 5314-5787 is possible.
Weakness will continue below 4600.
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