Dated 17/04/2017
Sun Flower Oil- Kakinada Last Close-625 (13/04/17): Down Trend Still In Progress
Monthly Chart
.png)
The expected lower range in last fortnight was 631-610.
The low registered till now on the current fall is 625.
Expect support around 623-610 and the same is likely to be tested.
Correction or fall could be put to halt if close is above 645.
Trend is still down daily and weekly chart along with monthly chart therefore objective remains to exit long till reversal is not visisble.
Conclusion
Expect lower support level 623-610 to be tested in near term. Pullback reversal can be above 645 closing in next fortnight.
0 Comments 
Post Comment 
