Technical: Dhaniya Kota - Down Trend Continue

Dated 09/03/2017

Monthly Chart

Trend line breakdown situation has been witnessed

Expect retracement of the rise from 12648 to 12033.

The retracement levels are placed at 6324 and 4677.

Support cluster is at 6275 and 4805-5502.

Conclusion

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

Further weakness will be seen below 6275 for 5502-4805.