Dated 16/03/2017
Mustard Oil Kaachi Gani- Last Close-722.5- 15/03/2017: Breakdown witnessed
Monthly Chart
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The (b)-(d) trend line is violated which will lead the slide to test 735 and 692.
The low till now is 710.
Expect the higher bottom of 692, 645 and 610 to be tested.
Reversal is above 735 closing and till then use rise to exit long position.
A close above 735 can generate a pullback towards 787.
Conclusion
Expect lower level to be tested as trend is down.
Support could be fetch at 695-692. Next downside momentum is below 692 closing.
Trend is down therefore lower levels are expected with volatility.
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