Turmeric
Trading in a range from last few trading sessions and now
trading around 8350
TMC has support at 8000---7600 and Resistance at 8850
It looks positive on charts and could test its resistance
level of 8700---8850. Three consecutive closes + weekly close above 8850 will
see nonstop rally in TMC till 9800---10500+ mark in days to come
TMC is forming triangle pattern on weekly chart from lower
levels along with it cross over of MACD and RSI too give support to our view.
Downside target seems limited and any sharp panic will be buying opportunity
So traders can buy and accumulate TMC around 8300 and in
panic with stop loss of 7600 on closing basis.
More will be update soon!!
