Technical : Cotton Seed Kadi Spot : Lower Range Can Offer Support 26 Feb 2018 10:54 am   0 Comments  |   Post Comment  |  Font Size A A A  Dated 26/02/2018 Technical : Cotton Seed Kadi Spot : Lower Range Can Offer Support Cotton Seed Gujarat Kadi- Last Close (Mean)- 372.5: (Prices Are INR/20Kg) Daily Full chart as per Available Data Correction towards last bottom of 360 and 340 could be witnessed. Support could be witnessed at 360 or at 340 for Wave c termination. Resistance is at 407. A rise and close above 407 could resume the reversal process. Trend is down and prices are below the averages. The 55VA and 89 VA are placed at 407 and 414. The averages will provide the resistance on the pullback rise if any from current levels. Trend is still down as lower top and lower bottom formation is witnessed. Conclusion Correction and down trend is in progress to test 360 or 340 or below. Lower range of 360 and 340 can witnessed consolidation for minor pullback toward averages of 407 and 414 could be witnessed.   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 Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... 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... Top 5 Market Commentary ZCE Cotton And Yarn Evening Closing - 19 Apr 2024 DCE Oil Complex Evening Closing - 19 Apr 2024 MATAR ICE/ZCE Daily Rates Update ( Time: 20:19 ) - 19 APRL 2... DCE Daily Rates Update ( Time: 20:18 ) - 19 APRL 2024