Technical: Cotton Seed Kadi: Expect Lower Range To Be Tested

Dated 17/04/2018
Cotton Seed Gujarat Kadi- Last Close (Mean)- 352.50: Expect Lower Range To Be Tested

Daily Full chart as per Available Data



A slide towards last bottom of 340-330 could be witnessed.

Support could be witnessed at 340-330 for Wave c termination.

Resistance is at 384 and 397.

Trend is down and prices are below the averages.

The 55VA and 89 VA are placed at 384 and 397.

The averages will provide the resistance on the pullback rise if any from current levels.

Trend is still down as lower top and lower bottom formation is witnessed.

Conclusion
Down trend is in progress to test 340-330 or below.