Technical: Guargum Jodhpur - Correction Is In Progress

Dated 08/06/2018

GUAR GUM JODHPUR- Last Close - 7451 - Correction Is In Progress



Correction for a possible Wave (e) is in progress and retracement level is placed at 7000.

Resistance will at 8368-8550.

A rise and close above 8550 will resume the reversal process.

Conclusion
Current trend is down for correction and expect retracement to be tested unless resistance are crossed immediately.