Technical: Soy Oil Indore Spot: Corrective Wave ii Is In Progress

Dated 04/10/2018

Soya Oil Indore- Last Close-: 740- Accumulate on correction

The view mentioned in last update remains the same.

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.