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Technical: Soybean DOC Indore Spot : Accumulate At Lower Levels

11 Apr 2018 5:56 pm
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Dated 10/04/2018


Technical: Soybean DOC Indore Spot : Accumulate At Lower Levels

Soya Bean Indore- Last Close 32000



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.

Wave ii of Wave C or Wave e could test the 55 VA and 89 VA which are at 26743 and 25741.

If sustained rise and close above 32500 is witnessed then expect a rise towards 43000.

Support will be at 26743 and 25741.

Conclusion

Correction to 26743-25741 can be for accumulation for target level of 39000-43000.

Traders already long can take some profits at 30000 or above till 32500 is not crossed.



       
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