Technical : Soy Bean Doc Indore Spot : Accumulate On Correction If Any
Soya Bean Indore- Last Close 31200 :
Breakout above the lower top of 26200 has been witnessed.
This marks a reversal and Wave C resumes.
Trend line breakout is necessary to extend the rise.Wave i of Wave C is in progress.
Resistance comes from the trend line for Wave i.
If sustained rise and close above 31600 is witnessed then expect a rise towards 43000.
Lower top resistance will be at 39000.
Support will be at 29500 and 26200.
Conclusion
Correction to 29500 and 26200 can be for accumulation for target level of 39000-43000.
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