Technical:Cotton Bales Rajkot-Retracement To Provide Support



Technical:Cotton Bales Rajkot-Retracement To Provide Support

17 Dec 2018 4:19 pm

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Dated : 17/12/2018

Cotton 1 Bales Rajkot- Last Close-21510- Retracement To Provide Support

Retracement of the rise from 18170 to 23440 is likely to be witnessed.

Retracement levels are at 21420-20716-20111.

The low in last few days has been 21390.

Further weakness and correction is below 21390.

Resistance will be at 21740-22050-22520.

Conclusion

Correction towards retracement levels of 21420-20716-20111 can be for accumulation.

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