Dated 03/04/2018
BLACK PEPPER-Garbled Kochi- Last Close- 404- Further downside momentum is below 397 closing
Trend is down as prices are below the averages.
The 55 VA is below 89 VA indicating a bear market.
Exit long till the recent peak of 478 is not crossed.
Further weakness is below 397.
The 55 VA and 89 VA are likely to offer resistances which are placed at 417 and 429.
Conclusion
Expect 417 and 429 to be tested and objective remains to exit long on rise.
Downside movement is below 397 closing.