Chana Prices: Bears Ready to Take Over
Journal Title: IJAR-Indian Journal of Applied Research - Year 2015, Vol 5, Issue 7
Abstract
Chana or Gram is a largely consumed pulse in India with maximum consumption in the form of ‘Dal’ or splits and ‘Besan’ or Flour. Chana is rich in protein, with high fibre and low fat content. It also has med- ici nal uses. India is the largest producer and yet, the largest importer of Chana in world due to high consumption levels. The present study aims to study Chana price trends using technical analysis and considering the extraneous factors. The study focuses to estimate Chana prices over a 4 – 6 month horizon, to help those involved in cultivation and -trad ing of Chana, with reasonable price estimates. Chana prices have been bullish since December 2014 and have peaked around 4850 levels. In the coming months, a sharp fall in two phases to around 3500 and 2900 levels is expected.
Authors and Affiliations
Dr. Hitesh Chelawat
Keywords
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