Dated 15/11/2018
Soya Oil Indore- Last Close-: 768- Expect a near term rally
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 783 can set a rally.
Subsequently expect a rally to 893.
Conclusion
Accumulation strategy at retracement level can be adopted.