GUAR GUM futures viewGuar gum is an agri commodity
and is traded well in India
The counter is currently in grip of bears and can witness downmove
the earlier support now acting as resistance
as can be seen from charts
GUARSEED10U2024 trade ideas
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.
NCDEX Guarseed's Technical Outlook NCDEX Guarseed has recently seen strong buying volume, which is evident on the chart with a double-bottom formation and a bullish crossover of the moving averages. This suggests that the market is likely to continue its upward trend and that now is an opportune time to enter the market with a bullish outlook.
A flag pole pattern breakout in a daily chart of NCDEX Guar SeedA flag pole pattern breakout in a daily chart of NCDEX Guar Seed is a technical analysis pattern that is often seen in the market. This pattern is characterized by a sharp and fast move up in price followed by a period of consolidation where the price generally trades in a range. The breakout occurs when the price breaks out of the range and continues the upward trajectory. This is generally seen as a bullish sign, indicating further upside in the price.
