The overall trend remains bullish for Turmeric - Kedia Advisory
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Turmeric
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As per the weekly charts, the overall trend remains bullish for Turmeric prices while only concern will be seasonality as every year Feb-Mar we see some correction in the prices as arrivals start in the market yard. Also export demand will be important at this time which can see some stananse due to high prices. Coming back on technical side prices have continued trading above its important level of 9000-9200 area. As per the above chart, it is citing that there may be a pull back near the levels of 9200 which will be a buying opportunity with a stop loss below 8700 for target of 11300 and it may be extended to 12400 for the final targets as per current fundamentals and technicals. We have scanned the charts technically and found the following reading :
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