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TURMERIC

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As per the monthly chart of Turmeric, the overall trend remains in an uptrend zone. Prices have technically sustained to trade above its important level of 8850 area and if prices break above 9750 and continue to hold these levels, it may take prices to further horizon levels of 12500. The above chart is hinting that there could be a small pull back towards the 8880-8850 levels which will be a buying opportunity with a stop loss below its important support level of 8000 for the target of 12500 and it may be also extended till 13540 in the longer term as per current fundamentals and technicals. We have scanned the charts technically and found the following reading :

BUY TURMERIC ABOVE 9500 SL BELOW 8000 TGT 12500-13400

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