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Technical : Jeera Unjha Spot : Reversal From Long Term Up Trend Being Witnessed

14 Feb 2018 1:12 pm
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Dated 14/02/2018


Technical : Jeera Unjha Spot : Reversal From Long Term Up Trend Being Witnessed

JEERNA UNJHA- Last Close- 19267




Rising wedge appears to be in place and breakdown has been witnessed.

Expect correction to 17194 at least and may scale down to 14525.

Further rally can be witnessed on breakout and close above 21100.

Broadly till 21100 is not crossed objective remains to exit long on rise from 19267 or above.

Conclusion

Expect correction for near term to short term.

Exit long till 21100 is not crossed strongly.

       
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