Technical: Mentha Oil Chandausi- Critical Trend Line For Next Directional Movement

Dated 06/06/2017

Trend line support currently being witnessed and another fall and close below 997 can lead to a further slide towards 941-905.

Trend is down as prices are below the DRV as can be seen from the weekly chart.

Breakout and close above 1045 can mark a reversal and up trend could resume.

Bounce and recovery could happen if 997 level or trend line breakdown is not witnessed in near term.
Conclusion

Critical trend line for next directional movement.