Dated 24/04/2017
COTTON BALES Rajkot- Last Close 20810– Profit booking could be witnessed
Weekly Chart
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Resistance is currently being witnessed at higher range.
Further rise can continue above 21100.
Correction of the last rise from 18290 to 21110 can be witnessed before moving higher above 21100.
On rise and close above 21100 expect a rally towards 21580 at least and to an outer extend to 23590.
Conclusion
Further upside above 21100 therefore long position are above 21100. Immediately short term traders can take profits till 21100 is not crossed.
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