Technical: Mumbai Matar Cannada - Further Rally Above

Dated 13/05/2019

Mumbai Matar Cannada - Last Close- : 4875 Further Rally Above 5000

Resistance will be at 5000.

Support will be at 4550-4300-4150.

Correction will continue below 4150.

Retracement levels are placed at 3859-3534-3171.




Conclusion

Breakout above 5000 can show a rally.

Accumulate at retracement 3859-3534-3171 if the opportunity arises.

Correction towards retracement may be witnessed unless immediate rally above 5000 is seen.