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Technical: Dhaniya Kota Spot : Minor Pullback Towards Averages Is Possible

8 Nov 2017 12:59 pm
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Dated 08/11/2017


Technical : Dhaniya Kota Spot : Minor Pullback Towards Averages Is Possible

DHANIYA KOTA- Last Close- 4866 : Minor Pullback Towards Averages Is Possible




Down trend and bear market is being witnessed.

Down trend because prices are below averages and 55 VA is below 89 VA.

Wave c is in progress which can end around the bottom of Wave 2.

Lower levels which are likely to be tested with volatility will be 4222 and 3800.

Minor pullback towards the 55 VA and 89 VA can be witnessed.

The averages are placed at 5314 and 5787.

Conclusion

Trend still down.

Minor pullback towards 531-5787 is possible.

Weakness will continue below 4600.

       
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