Technical: Mustard Oil Kaachi Gani Jaipur- Trend Is Down

Dated 18/01/2017

The 61.8% retracement of the rise from 735 to 940 is at 815.


The same is violated as the close is at 806.

Expect the demand zone of 775-735 to be tested.


Reversal from the current fall can be witnessed if close is above 845.

Conclusion

Expect lower level to be tested and bounce could happen from the demand zone.