Technical: Cotton Seed Kadi : Up Move In Progress



Technical: Cotton Seed Kadi : Up Move In Progress

24 Jan 2017 12:14 pm

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Dated 24/01/2017

Cotton Seed Gujarat Kadi (Monthly Chart) - Last Close (Mean)-23/01/2017-542.50: Up Move In Progress

Wave e of Wave (c) of Wave A is in progress.

Alternatively, Wave A is complete at peak of 640 (July 2016).

Wave B is in progress or could have ended at the bottom of 455 (November 2016).

Resistance is at 510.

Sustained rise above 542 can show pullback towards 550-565-590.

Conclusion
Pullback towards 550-560-565 is likely to be witnessed in near term to short term with volatility.

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