Technical: Sun Flower Oil Kakinada - Support Under Pressure



Technical: Sun Flower Oil Kakinada - Support Under Pressure

14 Jun 2017 12:31 pm

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Dated 14/06/2017

Sun Flower Oil- Kakinada Last Close-625 (13/06/2017): Support under pressure

Monthly Chart

Support is at 620-610.

Further weakness is below 610.

Resistance will be at 635-645.

Near term reversal may happen on breakout and close above 645.

Till reversal is not happening objective remains to exit long.

Conclusion

Support will be under pressure. Reversal is above 645 closing.

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