Technical:Rbd Palmolien Kandla- Correction Is For Accumulation

Dated 20/07/2018

Rbd Palmolien Kandla- Last Close-675- Correction Is For Accumulation

Accumulate on correction to 654-629 which are the retracement level of the rise from 520 to 740.

Further rally will continue whenever next breakout above 740 is witnessed.

In the intermediate phase correction and volatility may happen for consolidation to eventually move higher above 740.





Conclusion

A rally towards 900 is likely in short to medium term.

Accumulate at retracement level for consolidation.