Technical : Castor Seed Deesa Spot : Correction Is In Progress 16 Feb 2018 1:46 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 16/02/2018 Technical : Castor Seed Deesa Spot : Correction Is In Progress Castor Seed Deesa- Last Close (Mean)- Last Close-: 3975 Correction that is being witnessed currently is for Wave 2 of Wave (c) or Wave b of Wave (e). Retracement levels are being tested which are at 4130, 3890 and 3649. Once the current confirmation of correction is complete expect a rally to 5660-6120. The view for medium to long term is for higher price unless sharp fall and close below 3650 is witnessed. Conclusion Long term trend appears to be up and correction in near term to short term appears to be opportunity for accumulation. Physical may accumulate at lower prices and rally with volatility of higher top and higher bottom formation is likely to be in place.   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 Mustard Oil (Jaipur) Trending Lower / Next Support at ... Soy Refined Oil (Indore) Trading Near Key Resistance (... US soybean net sales for April 5-11 at 485,800 MT, up 5... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... more Top 5 News Mumbai Masur Canada Crimson Container Weak Price Trend... Mustard Oil (Jaipur) Trending Lower / Next Support at ... Weekly: ICE cotton futures extend decline; no respite f... Weekly: ICE raw sugar futures post double digit price d... Canadian Lentil Prices Hit Record Highs, Outlook Remain... Top 5 Market Commentary TUR London Metal Exchange Settlement - 23-Apr-2024 MOONG CHANA URAD