Based on my monthly chart my analysis of Mentha, We are still in down trend. In the long term I expect to see 550-560, 350.
From the daily chart, we started the bearish trend (5 wave down move) at 935.20.
If 652 supports, we may see 688, 710, 717, 750. NO TRADE.
But there is no confirmation of trend reversal yet. Any move below 652, I expect to see [640-625], 600, [590], [562]. Important levels TO BE WATCHED.
So, need to wait for confirmation.
Risk takers can buy near 653-655, with strict SL 652. For up move confirmation mentha must cross [667], 673, 683.
Will update my further view after confirmation.
NO TRADE as of NOW, NEED TO WAIT FOR CLEAR REVERSAL CONFIRMATION.
From the daily chart, we started the bearish trend (5 wave down move) at 935.20.
If 652 supports, we may see 688, 710, 717, 750. NO TRADE.
But there is no confirmation of trend reversal yet. Any move below 652, I expect to see [640-625], 600, [590], [562]. Important levels TO BE WATCHED.
So, need to wait for confirmation.
Risk takers can buy near 653-655, with strict SL 652. For up move confirmation mentha must cross [667], 673, 683.
Will update my further view after confirmation.
NO TRADE as of NOW, NEED TO WAIT FOR CLEAR REVERSAL CONFIRMATION.
