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Technical : Tur Lemon Mumbai Spot : Attempt Of Trend-line Breakout Likely

8 Jan 2018 1:41 pm
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Dated 08/01/2018


Technical : Tur Lemon Mumbai Spot : Attempt Of Trend-line Breakout Likely

MUMBAI TOOR LEMON- Last Close: 3900


Termination pattern is in progress in form of Wave e.

Resistance is at 4350.

Prices are around the averages.

The 55 VA is crossed and 89 VA yet to cross.

The 55 VA is at 3900 and 89 VA at 4010.

If 4010 is crossed on sustained basis then expect 4300-4400 to be tested.

Conclusion

Expect attempt of reversal in near term.

Support at 3575-3600 which must not get violated immediately.

       
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