Technical: RBD Palmolein Kandla- Correction In Progress



Technical: RBD Palmolein Kandla- Correction In Progress

17 May 2017 12:46 pm

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Dated 17/05/2017

RBD PALMOLIEN KANDLA- last close-555 : Correction in progress Monthly Chart

Support is visible at current level.

Further correction is below 535.

Expect sideways movement or minor near term rise.

Resistance will be at 565 and the same could be tested if immediate fall below 535 is not witnessed.

Conclusion

Trend still down and minor pullback can be witnessed.

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