Dated : 16/03/2019
Cotton Bales Rajkot- Last Close-20890- Correcting Phase Could Be Ending
Attempt of Swing bottom has been witnessed in last fortnight.
Weakness and further correction continues below 20030.
Expect a rise towards resistance of 21380-20720.
Support will be at 20600-2150.
Conclusion
Swing bottom is likely therefore cover short position as near term rise towards higher range is likely.