Technical Outlook & Trading Strategy:-
The price of Guar Gum has registered an Inverted head and shoulder pattern breakout on the intraday charts, as the price registered a close above the neckline resistance of Rs 10525 levels.
The price of Guar Gum has been sustaining above its key moving average clusters over the past few trading sessions.
The MACD indicator is also in rising mode and is trading above its respective trigger lines.
Traders can look to buy between Rs 10650--Rs 10550 levels with a stop loss of Rs 10457 levels for upside targets of Rs 10725 / Rs 10925 levels.
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