Dated 25/04/2018
Soya Bean Meal Indore- Last Close : 30300 Accumulate on correction
Trend line breakout is necessary to extend the rise.
Wave i of Wave C is in progress.
Resistance comes from the trend line for Wave i.
Wave ii of Wave C or Wave e could test the 55 VA and 89 VA which are at 29195 and 26883.
If sustained rise and close above 33000 is witnessed then expect a rise towards 43000.
Conclusion
Correction to 29195 and 26883 can be for accumulation for target level of 39000-43000.
Traders already long can take some profits at 30000 or above till 33000 is not crossed.