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Technical : Dhaniya Kota Spot : Minor Correction Possible

14 Feb 2018 1:09 pm
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Dated 14/02/2018


Technical : Dhaniya Kota Spot : Minor Correction Possible

DHANIYA KOTA- Last Close-5518:


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

Current price is in between the 2 averages as can be seen from the chart.

Near term rise can resume on sustained rise above 5700.

The 89 VA is at 5660 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 5330.

Down move will resume on fall below 5330.

Minor correction is possible before moving higher above 5700.

Conclusion

Minor correction is likely unless immediate Breakout above 5700 is witnessed.

       
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