Technical : Cotton Seed Kadi Spot : Expect Near Term Rally With Volatility 23 Dec 2017 3:23 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 26/12/2017 Technical : Cotton Seed Kadi Spot : Expect Near Term Rally With Volatility Cotton Seed Gujarat Kadi - Last Close (Mean)- 445 : Expect Near Term Rally With Volatility Daily Full chart as per Available Data Trend once again has turned up as prices are above both the averages. But 55VA is below 89 VA. The average 55 VA and 89 VA are placed at 408 and 419. Expect support at the averages. Resistance will be at the lower top of 460 and around it. Breakout and close above 460 can mark reversal and significant bottom at the fortnightly low of 370. Expect rise towards 460 or above in near term. Once the breakout is confirmed expect a rally to 535-540. Correction to averages will be consolidation in the assumption that 370 formed is the bottom for near term to short term. A rise and close above 460 will confirm end of Wave B of larger degree and Wave C will resume up towards the peak of 640 with first objective to test 535-540. Conclusion Expect near term rally with consolidation at averages to eventually test 535-540.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 540... Kadi (Gujarat) Cotton Seed — Trending Lower / Next Su... Kadi (Gujarat) Cotton Seed — Signs of a Failure at Ke... Kadi (Gujarat) Cotton Seed — Signs of a Bullish Rever... Kadi (Gujarat) Cotton Seed — Signs of a Bullish Trend... more Top 5 News US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... Mumbai Black Matpe (Urad) Trending Higher / Next Resis... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 18 Apr 2024 DCE Oil Complex Evening Closing - 18 Apr 2024 Clove Prices Hold Steady Across Key Markets Domestic Pepper Prices Dip Slightly; Stability in Vietn... Small Cardamom Prices Maintain Upward Trend; Arrivals S...