Agri Weekly Report: Motilal Oswal
According to Motilal Oswal, As seen on 240-min chart, NCDEX Soybean breached the consolidation range and is indicating further weakness in price.
September 20, 2021 / 05:56 PM IST
Motilal Oswal's report on Agri Weekly
As seen on 240-min chart, NCDEX Soybean breached the consolidation range and is indicating further weakness in price. The 14-period RSI is indicating weakness in price for short-term. Strong resistance is capped at Rs.6225 whereas support is placed at Rs.5770.
Price sustained break below support will confirm further weakness towards Rs.5600 – 5500 levels. Selling on rise is advised, but our bias will negate above the resistance mark.
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