Sell MCX Mentha oil May; target of Rs 975/962: Way2Wealth

Way2Wealth has recommended to sell MCX Mentha oil May around Rs 994 with a stop loss of Rs 1012 for the target price of Rs 975/962, in its research report dated April 29, 2015.

April 29, 2015 / 14:24 IST

Way2Wealth's report on Mentha oil

MCX May Mentha oil; selling pressure has triggered in the counter by given a breakout through the “symmetrical triangle” chart pattern on daily charts. Now the bias shifted on downside and is likely to extend the decline towards 975 & 962 levels. However, upside resistance pegged at 996 levels.

Action : SELLEntry : Around 994Target : 975/962Stop : 1012

For all commodities report, click here

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first published: Apr 29, 2015 02:24 pm

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