Technical: Soya Oil Indore- Accumulate on correction

Dated 17/07/2018

Soya Oil Indore- Last Close-: 745- Accumulate on correction

Correction towards the retracement is likely or Wave ii before moving higher for Wave iii

Retracements is at 714-693-671.

Support is likely to be at the retracement levels.

Further rise will continue above 760 and 780 closing.

Conclusion

Accumulation strategy at retracement level can be adopted.