The price of Mentha seed appears to be forming a head and shoulder pattern on the intraday charts.
A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 2934 levelsAnother sign of weakness is the negative divergence displayed by the key momentum indicators.
We recommend traders to sell on a break below Rs 2934 levels with a stop loss placed above Rs 2957 levels for targets of Rs 2908/ Rs 2880 levels.
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