Technical: Barley Jaipur- Correction Is In Progress

Dated 14/03/2017

Barely Jaipur- Last Close - 1678 : Correction Is In Progress

Monthly Chart

Wave e is in progress with inverted wedge or expanding movement.

Further rise can continue above 1826.

Correction of the last rally from 1130 to 1826 is in progress.

Retracement levels are placed at 1664-1563-1477 to be tested before moving higher again.

Resistance is likely to be witnessed.

Conclusion

Expect correction to be in progress in near term with volatility.

Further rally is above 1826.