Dated 18/08/2018
Cotton Seed Oil Cake Kadi- Last Close- 1873- Accumulate
The price remained in last fortnight. The view mentioned in last update remains the same.
Trend line breakout situation has emerged. Resistance is at 1940. On sustained rise above 1940 expect 2357.
Correction towards averages may happen.
Averages are at 1746 and 1690.
Support could be around averages.
Conclusion
Accumulate on correction to averages if any as trend line breakout situation has emerged. Breakout and close above 1940 on sustain basis can set a rally 2357.
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