Login ID:
Password:
Partner Login
Contact Us : 7066511911

Technical: Moong Jaipur Spot: Critical Support At 4000

10 Oct 2017 2:12 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 09/10/2017

Moong Jaipur- Last Close - 4550: Critical support at 4000

Weekly Chart



Lower top and lower bottom formation is being witnessed.
Bear Market is in progress as 55 VA is less than 89 VA.

Oscillation around both the averages witnessed suggests sideways movement. Critical level from here on is the swing bottom for continuation of the bear market.

The swing bottom is 4000.

The lower top is at 5000.

A rise and close above 5000 can mark a reversal.

Breakout and close above 5000 is essential to show a rally otherwise any pullback towards 5000 will attract resistance and selling pressure.

Consolidation around can be witnessed around 4000 unless sharp fall and close below 4000 is witnessed.


Conclusion
Consolidation could be happening at lower level till 4000 is not violated.

But breakout and close above 5000 is essential.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Technical:-Chickpea (Chana)- Correction is for accumul...
India Apr-Jul Pulses Imports Down Over 76% Y/Y At 5.36 ...
Weekly: Masoor, White Pea, Moong Gain Most This Week; U...
Australia 2018-19 Chana Crop Forecast Down 69.43% Y/Y A...
Weekly: Tur, Urad, Chana Rule Firm This Week; White Pea...
more
Top 5 News
Technical:-Chickpea (Chana)- Correction is for accumul...
Technical:-Mustard Cake- Channel Breakout Witnessed
Technical: Mustard Oil Kaachi Gani-Accumulate
Technical:Mustard Seed Jaipur- Accumulate On Correction...
Technical: Sun Flower Oil-Accumulate
Top 5 Market Commentary
BMD CPO Futures a Tad Up, Market Is At Equilibrium Poin...
Malaysian AM Cash Market Prices for Palm Oil - Sept 20
Malaysia Sep 1-20 Palm Oil Exports 79.2% Up ITS
NCDEX Modifies Norms For Castor Seed Contracts, Effecti...
Malaysia Sept 1-20 Palm Oil Exports Up 72.7% AmSpec
Copyright © CC Commodity Info Services LLP. All rights reserved.