Technical Outlook & Trading Strategy:-
The price of Mentha Oil opened with a falling gap during yesterday’s session.
Thereafter the price kept moving southwards throughout the session on the back of strong surge in volumes.
Moreover, the price has also closed below its key support zone of Rs 842—Rs 840 zone on the intraday charts.
The key momentum indicators are also displaying weakness in the counter.
Traders can look to sell between Rs 842--Rs 834.50 levels with a stop loss of Rs 851.75 levels for downside targets of Rs820 / Rs 810 levels.
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