Technical: Cotton Seed Kadi - Consolidation At Lower Range

Dated 11/08/2017

Cotton Seed Gujarat Kadi- Last Close (Mean)- 415 : Consolidation at lower range

Weekly Chart

Consolidation could be happening at 395 and 370.

Resistance is at 435.

Pull back rise can be seen above 435 for rise towards DRV-449.

Lower levels can attract support for consolidation at 395 or below.

Trend is down and will test lower levels with volatility.

Downside momentum is below 370.

Conclusion

Trend continues to be down