Ncdex Jeera entered correction mode

Jeera Correction phase

NCDEX jeera has been moving up in a channelised manner since the beginning of February. It has formed a channel within a channel. The move that started from the March low reached near a crucial resistance zone. This leg achieved 161.8% of the equality target and retraced 78.6% of the previous fall. It also halted near upper end of both the channels. Thus the agri-commodity has entered correction mode. It is about to break lower end of the inner rising channel. Once the key support of Rs 16,590 breaks, Rs 16,076-15,800 will be the key area on the downside. On the higher side, Rs 17,300 will act as a crucial resistance on a closing basis.


Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: