Technical: DHANIYA KOTA - Down Trend Continues

Dated 27/02/2017

DHANIYA KOTA- Last Close-6514-23/02/2017: Down Trend Continues

(Monthly Chart)

Changes in the structural count has been made in relation to its previous update provide in the earlier report.

Trend line breakdown situation has been witnessed

Expect retracement of the rise from 2648 to 12033.

The retracement levels are placed at 6324 and 4677.

Support cluster is at 4805-5502.

Conclusion

Trend remains down as further breakdown has been witnessed. Retracement levels will be tested.

Support cluster zone can be 4805-5502.