Technical: RBD Palmolein Kandla- Down Movement Still Being Witnessed

Dated 17/04/2017

Correction for Wave e is in progress.

Expect Lower level of 558-535.

Resistance is at 592 and reversal or enter of correction is above 592.

Exit long till 592 is not crossed.

Lower retracement level of 535 and 513 is likely to be tested.

Conclusion

Down trend still in progress and will test 535 and 513 in near term to short term.