Technical: Soya Bean Indore - Sideways Movement To Be Witnessed

Dated 13/02/2017

SOYA BEAN INDORE – last close-2900 : Sideways Movement to be witnessed

Support cluster on the monthly chart is at 2600-2500.

The support cluster of 2600-2500 is created since the year 2012.

Resistance is at 3500-3600.

Resistance gap is at 3200-3500.

Pullback towards the resistance gap is likely in the near term.

Sideways volatility is likely to be witnessed.

Conclusion

Cover short position at current level or below till 2500 is not violated.