9500 to 19000| Turmeric's Resurgence Sparks New Trading Buzz!Turmeric has emerged as a notable script in recent months, experiencing a substantial rally from 9500 to 19000. This impressive performance has reignited interest in the commodity. Presently trading at Rs 12500, a level significantly below its recent high of Rs 19500, Turmeric has garnered renewed attention.
Our strategic trading plan involves closely monitoring Turmeric's price action. Should it find support within the range of 11590 to 11860 , we are inclined to consider an entry point. In this scenario, our stop-loss will be set below 10300 to manage risk effectively.
We invite you to stay tuned for further updates as we navigate potential opportunities in the Turmeric market. Your continued engagement is valued on this exciting journey.
Best regards,
Rahul Khandelwal
WEALTH BY TRADE
Agricommodity
Bullish Harmonic Pattern seen on NCDEX Guargum chartA Bullish Harmonic Pattern is a type of technical analysis pattern that forms when price action creates specific price movements that resemble a harmonic wave pattern. It is a bullish pattern that suggests a potential trend reversal and a bullish move in the price of the asset.
While a Bullish Harmonic Pattern may indicate a potential bullish move, it is important to remember that technical analysis is just one tool among many for analyzing the markets. It is always important to conduct your own research, assess your risk tolerance and consider your investment goals before making any investment decisions.