Technical: Soya Oil Indore : Accumulate On Correction

Dated 24/04/2018

Soya Oil Indore- Last Close-: 768 - Accumulate On Correction



A rally towards 900 is likely in due course of time with volatility.

Bull market is in place in Soya Oil.

Support will be at 748 and 731.

Correction to support and averages 55 VA and 89 VA can be the support for accumulation.

Conclusion
Accumulation at lower level is key as overall higher top and higher bottom formation is likely.

Rise is likely to make a new term top for correction and higher bottom to eventually move higher.