Technical: Cotton Seed Gujarat Kadi - Reversal Appears To Be In Place

Dated 7/06/2018

Cotton Seed Gujarat Kadi- Last Close (Mean)- 387.50- Reversal Appears To Be In Place

Daily Full chart as per Available Data


A strong rise has been witnessed from 330 level.

The close has been above the 55VA and 89 VA.

The averages are at 378 and 362.

Expect a rise towards 440-460 range.

Support will be at 363-340.

Conclusion
Reversal appears to be in place and confirmation is awaited but any correction is likely to provide consolidation at 363-340 zone.
The low of 300 is likely to be the bottom for some time unless vertical fall is seen below it immediately.

Correction and consolidation till 300 is not violated could lead to a rise towards 434-460 zone.