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How to trade in Chana? Way2Wealth answers

Way2Wealth has come out with its special report on Chana. According to the research firm one can buy 1 lot of NCDEX Feb Chana Futures for the time frame of 1-2 months.
January 19, 2012 / 13:27 IST

Way2Wealth has come out with its special report on Chana. According to the research firm one can buy 1 lot of NCDEX Feb Chana Futures for the time frame of 1-2 months.

NCDEX Chana has been consolidating in a broader range since last september. This move has helped in forming a triangular formation which is nearing its meaningful conclusion. The counts on this formation suggest that the bottom is likely in place and it is all set to run on the way up for the breakout. As show in chart, wave E of the triangle is nearing an end. The support for wave E is pegged at 2977. Currently it

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