Technical : Mustard Cake Jaipur Spot : Expect Consolidation At Retracement Levels
MUSTARD CAKE- Last Close 1725
Price is above both the averages 55VA and 89 VA.
But 55VA is below 89 VA therefore the rise is yet to turn into a bull market rise.
Correction towards the average can be witnessed which is at 1737 and 1738.
Further rise is above 1800.
Retracement levels are placed at 1715, 1686 and 1664.
Further rally is above 1805.
Conclusion
Expect correction towards the retracement of 1715-1686-1664 to be tested before moving higher.
Accumulate at replacements.
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