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Technical: Sun Flower Oil Kakinada - Expect Support At Lower Range

17 Jul 2017 12:39 pm
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Dated 17/07/2017

Sun Flower Oil- Kakinada Last Close - 625 (17/07/2017): Expect Support At Lower Range

Monthly Chart





Support is at 620-610.


Further weakness is below 610.


Resistance will be at 635-645.


Near term reversal may happen on breakout and close above 645.


Till reversal is not happening objective remains to exit long.


Consolidation could happen to mark a reversal as long as 610 is not violated


Conclusion


Expect support and consolidation at lower range till 610 is not violated.


       
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