Technical: Mustard Oil Kaachi Gani- Support Is At 835-825-750

Dated 04/01/2017

Support is at 835-825-750.

The 61.8% retracement of the rise from 735 to 940 is at 815.

The low registered last month was 820.

Further weakness will resume below 815 closing with bearish candle.

Wave (e) could be in progress if 820 is immediately not violated.

If moves below 820 then Wave (d) is in progress which can end support zone of 850-825 or at demand zone of 776-735.

Reversal can be witnessed on rise and close above 820.

If that happens then expect Wave c of Wave (e) to resume for rise towards 940 and 1069.

Currently, the movement is sideways and is likely to remain between 890-805.

Conclusion

Next directional movement is out of the band 890-805.