Dated 01/08/2017
Soya Bean Doc Indore- Last Close-25000 : Reversal attempt being witnessed
Monthly Chart
Reversal attempt is being witnessed.
Resistance is at 26000 and DRV-260024.
A rise and close above 260024 with bullish candle can mark a reversal.
Consolidation above 22500 has been witnessed.
Downside momentum resume below 22500 and till then the bias remain to move higher or consolidate.
Conclusion –
Reversal attempt being witnessed.
Up move resumes on monthly chart on sustained rise above 260024.