Dated 22/05/2017
Lentil (Masoor) - Canda Crimson – last close -3675- 18/05/17- Reversal above 3900 closing for pullback
Weekly Chart
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Reversal for near term pullback can be witnessed above 3900 closing.
Expect lower range of 3550-3250 to be tested.
Resistance will be at 3725-3850-3900.
Stochastic is in oversold zone and RSI showing positive divergence.
A rise and close above 3900 can mark a reversal for a pullback towards DRV which is at 4455.
Conclusion
Trend still down and reversal is above 3900 closing.
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