Technical: Black Pepper Garbled Spot - Pullback In Progress

Dated 11/12/2017

BLACK PEPPER - Garbled Kochi- Last Close-440- Pullback In Progress



Trend is down as prices are below the averages.

The 55 VA is below 89 VA which indicates bear market.

In last update, we had indicated about the possible pullback to the averages.

55 VA and 89 VA are at 442 and 465.

Sustaining above 465 will be important for short term.

Resistance is the first expect at the 55VA and 89 VA.

Conclusion
Pullback to averages witnessed.

Further weakness will continue below 405.