Dated 23/05/2019
Soya Oil Indore- Last Close-: 758 : Correction before a rally is likely
The view mentioned in last update remains the same.
Correction is likely to test the retracement levels of 715-693-673 unless immediate breakout above 784 is witnessed.
Correction can resume on fall and close below 730.
Breakout above 790 is essential.
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Conclusion
Accumulate at retracement level of 715-693-673 as the opportunity arises in near term.
Momentum is above 790 closing.
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