Navigation

Chana Moving sideways



From the below chart of Chana (Daily continuous contract), prices faced the overhead resistance of 6370 and reversed sharply, thus opening negative possibilities. Now the support is at 6000 level, break of this level will give a bearish break in a rectangle pattern, which can drag prices lower till 5900 followed by 5800.However, a bounce from the support will make price move in a rectangle pattern or in a sideways pattern. RSI is negatively poised and can move down below the level of 50.
 
Share

Shubhlaxmi

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: