Technical: Dhaniya Kota: Near Term Rally Likely

Dated 04/04/2018
DHANIYA KOTA - Last Close-5502: Near term Rally likely



Consolidation is being witnessed and support will be at 5300 and 4700.

Resistance will be at 5671.

Wave ii in in progress and breakout above 5671 can set a rise for Wave iii.

A rally towards 6614-7409 is likely if sustains above 5671.

Conclusion
Accumulate under current correction and consolidation.

Add further if sustains above 5671.

Wave iii could be resuming if sustains above 5671.