Technical: Spot Cotton Seed Kadi : Sideways Volatility Around Averages

Dated 10/01/2018

Cotton Seed Gujarat Kadi- Last Close (Mean)- 409: Sideways Volatility Around Averages

Daily Full chart as per Available Data




Sideways oscillation around the averages is likely.

The 55 VA is below 89 VA which indicates that bear market is still in place even as trend may turn up or down as it closes above or below averages.

Resistance is at 425 and 465.

Support will be at 390-370.

Consolidation at lower range can be witnessed.

Conclusion
Breakout above 425 can show a rally. Consolidation at lower range is likely.