MCX Mentha oil can try to collapse up to the support line before hitting the following targets: 986 - 1000 - 1020
Attention: don't buy below the support trendline.
This MCX Mentha oil research is based on the Feb 24 article. Click the below link to read it:
MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’
How many of you bought Mentha oil after reading this report?
Mentha oil made a high of 964.9 yesterday, and the first target has come.
Approx. Profit /L = Rs.15,000+
The short-term investors can book profit here. As I mentioned in the above chart, it's MA crossover time. It may move sideways.
First, wait for a clear Ascending triangle form. Right now, MCX Mentha oil at the support trendline (rising lower trendline). It will try to hit 964 - 986 - 1000 - 1020 levels from here. Intraday traders can go with the current trend.
But don't buy below the support trendline.