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Technical: RBD Palmolein Kandla- Correction In Progress
18 Jul 2017 3:19 pm
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Dated 18/07/2017

RBD PALMOLIEN KANDLA - last close-525 : Correction in progress


Monthly Chart






Expect 510-495 to be tested in near term with volatility.

Resistance will be at 535-570.

Pullback reversal can resume above 540 closing.

Monthly and Weekly Trend is down as per DRV therefore lower levels likely to be tested before moving higher.


Conclusion

Trend still down to test 495 from current level of 525.
       
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