Dated 11/12/2017
Jeera Unjha - Last Close - 20904 - Expect Near Term Rise
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Prices are above both the averages.
55 VA is above 89 VA indicating bull market.
Expect a rally toward 23400.
Resistance could be seen at current level of 20900.
If sustains above 20900 then expect 23400 to be tested.
Failure to sustain at current level can test back the averages.
The 55 VA and 89VA is at 19600 and 19300.
Conclusion
Extended rise can happen if sustain above 20900.
Correction can happen to average if does not sustain.
Trend is up therefore correction and consolidation can be witnessed on correction to averages.
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