A powerful short-term momentum in the market is indicated by the fact that the present price levels are constantly positioned above the 50-hour moving average. When it comes to intraday corrections, support is carefully positioned around the 11,100–11,000 range. A range of 11,600 to 11,650 is where resistance is seen, and this area coincides with the swing highs that have occurred recently. The Relative Strength Index continues to point to a positive outlook, which is evidence of the continuous demand from purchasers. Having the MACD crossover in a bullish direction implies that an upward momentum that has been sustained is likely to continue.

A recovery from lower price levels has resulted in the futures contract for coriander for the month of April displaying an upward trend on the hourly chart. The fact that prices have just moved above the 50-hour moving average is indicative of a favorable shift in the sentiment of the short-term securities market. In the vicinity of 10,850, the 200-hour moving average continues to serve as a strong support level, which helps to maintain the consistency of the general trend.

It has been determined that the current support levels are roughly 11,100, and a more solid safety net is located somewhere in the region of 10,850 to 10,900. There is a level of resistance located at 11,600, which is followed by the range of 11,950–12,000, which is where we might witness an influx of supplies. This is a fortunate development.