turmeric turmeric is overall in strong uptrend on weekly frame
expect it to turn even more bullish or in other word catch momentum once start trading above swig high areas
TMCFGRNZMQ2024 trade ideas
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
turmeric trading in strong uptrendturmeric chart suggest ba ck to back monthly gains
ideally the trend could continue with retracements in between
it is following an upward sloping trendline on higher frame
the trendline its following comes straight from 2007 thus suggest a strong validity of the same
Turmeric technically look firmTurmeric technically look firm a break above 7150 can test 7450 also look for time fibo we can see good volatility in coming 2-3 session.
