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Technical: Cotton Seed Gujarat Kadi Spot - Consolidation At Lower Level In Down Trend

7 Dec 2017 1:40 pm
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Dated 06/12/2017

Cotton Seed Gujarat Kadi- Last Close (Mean)- 388.50 - Consolidation At Lower Level In Down Trend


Daily Full Chart As Per Available Data


Pullback to averages can be witnessed.
The averages are placed at 408 and 419.

Lower are levels of 360 and 340 are for consolidation.

Trend is still down and consolidation is likely to be continue at current level or at lower levels.

Conclusion
Higher levels will attract resistance at sell at the averages.

Trend still down with volatility though prices could bottom out at 360-340 zone in time to come.


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