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Technical : Sunflower Oil Kakinada Spot : Accumulate

21 Feb 2018 3:58 pm
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Dated 21/02/2018


Technical : Sunflower Oil Kakinada Spot : Accumulate

Sun Flower Oil- Kakinada Last Close 725




Up Trend has resumed as prices are above both the averages.

Bull Market is in progress as 55 VA is above 89 VA now.

Correction for Wave 2 of Wave (c) is in progress which will test the averages before moving higher.

The averages are placed at 699 and 694

Correction is for accumulation on Wave 2.

Expect a rally towards 765 and 780 in due course of time.

Conclusion

Accumulate at current level and on correction to averages.

       
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