Prices slightly turned negative as it broke the major support of 6234 levels in the previous week - Geojit Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical chart– NCDEX January Castor
Line Chart-Price & 15 day SMA
Technical view
Prices slightly turned negative as it broke the major support of 6234 levels in the previous week. If prices sustain to trade below the same could see downside corrective moves targeting 5800/5690 or even lower to 5500 levels. Moreover, weekly RSI (14) is trading lower suggesting weakness in the medium term. On the other side, intermittent covering rallies cannot be ruled out before resuming next wave of corrective selloffs. 6690 is the key resistance level to watch in the long run.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
