Technical: Soya Oil Indore-Expect a near term rally

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.