Dated 21/04/2018
Cotton Seed Oil Cake Kadi- Last Close- 1704- Correction If Any Can Be For Consolidation
Trend line breakout situation has emerged.
A follow up rise above 1704 is required to confirm the trend line breakout.
A minor correction can be seen as a result of the spike.
Correction towards the averages 1513 could fine support.
A follow up rise and close above 1704 can set a rally to 1800-1950.
Conclusion
Correction towards averages can be for consolidation as follow up rise is likely to be seen with volatility.