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Technical : Jeera Unjha Spot : Correction Is Likely to Be Seen

30 Jan 2018 1:52 pm
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Dated 30/01/2018


Technical : Jeera Unjha Spot : Correction Is Likely to Be Seen

JEERNA UNJHA- Last Close- 19825




Rising wedge appears to be in place and reversal for current rally is likely unless immediate rise and close above 21100 is witnessed strongly.

Support is at 19500 and 18800 and the same is likely to be tested.

A fall and close below 18800 will mark and confirm a deeper correction towards 18200 and 17400.

Resistance will be at 20400-21100.

Conclusion

Expect correction for near term to short term.

Exit long till 21100 is not crossed strongly.

       
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