Dated 07/08/2017
Sun Flower Oil- Kakinada Last Close-642 (4/08/2017): Minor pullback to DRV is likely
Monthly Chart
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Pullback towards DRV-665 may be possible
Expect sideways movement and consolidation of lower range of 631-624.
Overall monthly trend still down and looking for minor pullback whereas weekly chart is trying to move higher to enable pullback on monthly.
Conclusion
Expect support and consolidation at lower range till 610 is not violated.
Consolidation could eventually lead to near term rise towards DRV 665 on monthly chart.
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