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Technical: Chana Chickpeas Indore Spot: Trend Down With Bearish Market Slide

8 Jan 2018 1:38 pm
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Dated – 08/01/2018


Technical: Chana Chickpeas Indore Spot: Trend Down With Bearish Market Slide

CHANA- Chickpeas Indore : Last Close : 3950



Trend is down as prices are below both the average and falling.

The 55 VA is below 89 VA indicating a bear market and rise to averages will provide resistance till composition is bearish.

Expect near term slide with volatility to 3450.

Conclusion

Trend is down and expect lower level to be tested till reversal is not witnessed from 3450-3400 level.

       
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