Dated 19/02/2019
Soya Oil Indore- Last Close-: 780 : Expect A Rally In Near Term
As long as 730 is immediately not violated the momentum bias to move higher towards 895.
Upside momentum will be seen if sustains above 785.
Support will be at 765-745-730.
Correction can continue below 730.
On fall and close below 730 expect fall towards retracement levels.
Retracement levels of the rise from 605 to 782 are placed at 715-693-673.
Conclusion
Expect a near term rally till 730 is immediately not violated therefore accumulate on decline to support.
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