Technical: Dhaniya Kota : Further Rise Above 5640 Essential

Dated - 12/1/2018

Dhaniya Kota- Last Close-5628: Further Rise Above 5640 Essential



The 55VA is below 89 VA and price is above 55 VA (5306).

The 89 VA is at 5640 which will offer some resistance.

Once the up trend start by sustaining above 89 VA, the rise can extend to 6450 at least and may extend to 7277.

Support will be at 5306,5133 and 4866.

Conclusion
Breakout above 5640 is essential to extend the rise from hereon as resistance is around 5640. Failure to cross above 5640 can show a correction towards 5300.

Consolidation at support may be witnessed.