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Technical: Black Pepper Garbled Kochi Spot: Recent Low Likely To Be Revisited

12 Feb 2018 1:22 pm
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Dated 12/02/2018


Technical: Black Pepper Garbled Kochi Spot: Recent Low Likely To Be Revisited

BLACK PEPPER-Garbled Kochi- Last Close- 428




Trend is down as prices are below the averages.

The 55 VA is below 89 VA indicating a bear market.

Exit long till the recent peak of 478 is not crossed.

Expect 405 to be tested in due course of time till 478 is not crossed.

The 55 VA and 89 VA are likely to offer resistances which are placed at 446 and 456.

Conclusion

Expect 405 to be tested and objective remains to exit long on rise to averages.

       
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