Dated 06/08/2018
Soya Bean Indore – Last Close 3450- Accumulate At Retracements
Wave ii appears to be in progress for retracement of the rise from 2200 to 3800.
Retracement levels are placed at 3297-3119-2940.
Resistance is at 3600 and 3825.
Conclusion
Accumulate at retracement and subsequently wait for upside movement and up trend to resume.
Correction trend is being witnessed to test retracement and then move higher towards 3600 and 3800.
Eventually, a breakout and close above 3800 will be required for a rally.
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