Technical: Chilli Guntur - Trend Is Still Down

Dated 21/04/2017

CHILLI GUNTUR- last close-21/04/2017:5208- Trend still down

Monthly Chart

Trend is still down and fall towards the last higher bottom and cluster zone of 5200-4500 is likely.


The fall is sharp and on sustained basis therefore expects lower levels of 5200-
4500 to be tested before halting the slide.

Resistance for time to come can be at 5816-6176.

A rise and close above 6536 can mark a reversal on monthly chart but till then intra-
month rise to 5816-6176 can provide resistance.

Conclusion

Expect Lower Range To Be Tested as trend is down.