Dated 11/05/2017
DHANIYA KOTA- Last Close-10/05/17-7377- : Down trend continues
Monthly Chart
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Down Trend continues with minor pullback which failed to cross DRV as shown in chart.
Leading to violation of 61.8% retracement.
The 61.8% retracement has been violated of the rise from 2758 to 12105.
The 61.8% is at 6283 and the last close is at 6143.
Near term reversal is above 6551.
Expect near term slide towards 5673 and 4691.
Conclusion
Reversal is above 6551 and till then slide will continue with volatility to 5673 and 4691 in step manner.
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