Technical: Cotton Seed Gujarat Kadi - Breakout Attempt Witnessed

Dated 20/03/2019

Cotton Seed Gujarat Kadi- Last Close (Mean)- 4537.50 - Breakout Attempt Witnessed

Breakout above 480 is attempt a result of the strong up move in last fortnight.

If breakout above 480 is successful then expect a rally to 640.

Accumulate at 515-481 as the opportunity arises.

Weakness is below 413.

Support will be at 485-460-413.

Resistance band remains at 480-550.




Conclusion

Accumulate at support as a rally to 640 is likely to be tested.