Technical : Jeera Unjha Spot : Expect Peak Of 19629 To Be Tested
JEERA Unjha – Last Close- 19438- Expect Peak Of 19629 To Be Tested
Up trend and Bull market is in progress and correction is likely terminal pattern appears to be in place for Wave (c).Support has been witnessed on the averages.
The 55 VA is above 89 VA which is indicating that bull market movement is still being witnessed.
Price are above both the average.
The recent peak of 19589 is being tested now.
Further breakout and close above 19623 can set a rally to 20700.
Support is at 18900.
Conclusion
Further correction is below 18900 and momentary bias is to test the recent peak of 19623 and move higher.
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