Technical: Cotton Seed OiL cake Kadi Spot : Expect Near-term Rally 23 Dec 2017 4:43 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 26/12/2017 Technical: Cotton Seed OiL cake Kadi Spot : Expect Near-term Rally Cotton Seed Oil Cake Kadi- Last Close- 1896- Expect near term rally towards 2200 Trend is up as breakout above the resistance of 1647 was witnessed in last fortnight. Prices are above the averages indicating up trend but 55VA is still below 89 VA. The 55 VA will get above 89 VA in near term and on any minor correction. The rise has been steep and breakout witnessed. Wave B is formed and Wave C is in progress which may at end 61.8% or at 100% of the last fall from 2768 to 1326. The 61.8% is at 2225 and 100% is at 2800. For near term to short term expect 2225 to be tested. In last update, we had indicated about the reversal attempt and the same has been witnessed. Expect near term rally with volatility. Correction if any to 1630 also could be Wave D. Currently focused on current up move of Wave C. Conclusion Expect near term rally towards 2225 and correction to 1630 if any will be for consolidation.   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 Canadian Lentil Prices Hit Record Highs, Outlook Remain... Canadian Chickpea Prices Hit Record High, Outlook for 2... Canadian Dry Pea Market Sees Price Rise Despite Export ... Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... Top 5 Market Commentary Cotton Prices Decline in Karnataka; Daily Arrivals Down... Maharashtra Sugar Mill Prices 20 Apr 2024 Gujrat Sugar Mill Prices 20 Apr 2024 Cotton Prices Show Mixed Trend in Andhra and Telangana;... Uttar Pradesh Sugar Mill Prices 20 Apr 2024