Sun Flower Oil- Kakinada - Correction/Consolidation In Progress

Dated 27/05/2019

Sun Flower Oil- Kakinada Last Close- 765 - Correction/Consolidation In Progress

Retracement levels of the rally from 623 to 825 are at 726-700.

The low registered in last fortnight is 738.

Further correction is below 738.

Expect rise towards 795-825.

Conclusion

Expect rise towards 795-825 therefore traders can trade long.

Weakness and correction resume below 738.

Near term bias is to test higher range.