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Technical : Dhaniya Kota Spot : Minor Pullback Is Possible

23 Nov 2017 12:47 pm
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Dated 23/11/2017


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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