Tuesday, February 17, 2015

Jeera Daily chart
Above is Jeera Daily chart . In 2014 Jeera had given decent return . Elliot wave count is plotted on daily chart , still some spark is left in the form of final 5th wave . In this scenario we can expect 19000 level while on downside 12800 seems to be good support.
  It is normally assumed that 5th wave in Commodities are extended instead of 3rd wave , in that case above count will get invalid.In this scenario we can expect 22000+ levels.

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