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Technical : Turmeric Nizamabad Spot : Expect A Correction Before Breakout

14 Feb 2018 1:07 pm
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Dated - 14/02/2018


Technical : Turmeric Nizamabad Spot : Expect A Correction Before Breakout

TURMERIC Nizambad- Last Close : 7200



Trend is up as closing is above the 55 VA and 89 VA.

The averages of 55 VA and 89 VA which are placed at 7402 and 7306.

Wave (e) retracement levels of Wave (d) are 7286-6940-6675-6358.

Breakout and close above 7900 with bullish candle can lead to a rally to 9385.

Conclusion

Breakout and close above 7900 is essential for upside momentum.

Lower correction to averages and retracements are for accumulation.

       
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