Dated 19/06/2017
Cotton Seed Gujarat Kadi - Last Close (Mean)- 437.5 : Reversal attempt being witnessed
Weekly Chart
Reversal attempt being witnessed as it is about to test the DRV on weekly chart which is at 461.60.
Weakness is below 400 and till the cover short position.
Consolidation could be happening at 425-400.
Resistance is at 461-465. Breakout and close above 465 can resume a new up trend to get back to peak of 545 and 580 could be seen.
For near term above 465 expect 545.
Conclusion
Reversal attempt is being witnessed.