Technical: Cotton Seed Kadi : Correction Movement In Progress



Technical: Cotton Seed Kadi : Correction Movement In Progress

22 Apr 2017 1:22 pm

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Dated 24/04/2017

Cotton Seed Gujarat Kadi- Last Close (Mean)- 21/04/2017- : Correction Movement In Progress

Weekly Chart

Support can be at 455-450.

Further slide is below 450.

On fall and close below 450 expect 415-390 to be tested.

Upside movement can resume above 515.

Conclusion

Up trend resume above 515 on weekly chart and long trade can be done if prices remain above 515.

Trend likely to be down with volatility.

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