The price of Turmeric has gone through severe correction from the highs of Rs 10618 levels as on 09th April till date. But, the most important observation to be made on the charts of Turmeric is the positive divergence displayed by indicators. They signal that the declining movement of the price could have lost force and in all likelihood give some kind of a bounce back. In the short term we expect the price to head towards the target of Rs 8030 / Rs 8175 levels. We recommend buying between Rs 7920—7850 levels with a stop loss placed below Rs 7763 levels.
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