Dated 17/04/2017
Mustard Oil Kaachi Gani- Last Close-738.50- 13/04/2017: Lower Range To Attract Support
Monthly Chart
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The (b)-(d) trend line is violated.
Further weakness can be seen on fall and close below 710.
Pullback reversal is above 765.
Support is at 722-692 and the same will be tested.
Reversal is above 765 closing.
Conclusion
Trend is still down and pullback reversal can resume on close above 765.
Expect support of 722-692 to be tested and recovery from lower range is likely unless sharp fall below 692 is witnessed.
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