Dated 18/09/2017
Technical : Chilli Guntur Spot : Near Term Rise Likely
CHILLI Guntur- Last Close-: 5650- Near term rise likely
Monthly Chart
Near term to short term rise towards DRV is likely which is around 6671 from current level of 5650.
Swing bottom appears to be in place as bounce has come from the support of 4504.
The low registered recently was 4446.
Conclusion
Cover short position as near term rally towards DRV-6671 likely.
Traders can remain on long and accumulate on correction as consolidation may happen around 5160.
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