Buy Guar Gum Around 12000 SL Below 11000 TGT 14000-15100 - Kedia Advisory
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Guar Gum
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As per the weekly chart of Guar Gum, the overall trend remains in an uptrend zone. Prices have technically broken its strong resistance zone at 11900 and then sustained to trade above its important level of 12400 area and now prices may head towards the levels of 14100 which is the 100.00% Fibonacci ratio level and if sustains these levels then it may also rally towards 16900 (161.80% Fibonacci ratio level) for the longer term . The above chart is hinting that there could be a retest towards the resistance levels of 11900 - 12000 which will be a buying opportunity with a stop loss below the level of 11750 for the target of 14100 - 14500 as per current fundamentals and technicals. We have scanned the charts technically and found the following reading :
BUY GUAR GUM AROUND 12000 SL BELOW 11000 TGT 14000-15100
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