Technical: Dhaniya Kota-Accumulate

Dated 19/10/2018

Dhaniya Kota- Last Close-5293: Accumulate

Resistance will be at 5350-5400.

Breakout is above 5400.

Accumulate at 5293 or below as the opportunity arises.

Support is at 5017 and 4821.




Conclusion

Accumulate as breakout could be happening above 5400 for new uptrend.

Accumulate at support of 5017-4821 as consolidation could be happening.

Near term rally is likely of breakout above 5400 is witnessed.