Technical: Guar Gum Jodhpur - Next Movement Critical For Near Term

Dated – 05/07/2017

Critical trend line is currently visible.

Another sustained fall and close below 6600 can to a breakdown.

Reversal can happen if breakout and close above 7107 for near term pullback towards DRV-7450.

Trend is currently down and reversal if it has to happen then it will can be current level of 6660.

Trend is down therefore bias is for trend line breakdown.

At current level critical trend line is on the chart for reversal or for breakdown.

Reversal further will be confirmed by rise above 7107 later above DRV-7450.

Conclusion

Next few day will be critical for bounce or breakdown.