Technical : Cotton Seed Kadi Spot : Expect Lower Range To Be Tested 15 Mar 2018 1:41 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 15/03/2018 Technical : Cotton Seed Kadi Spot : Expect Lower Range To Be Tested Cotton Seed Gujarat Kadi- Last Close (Mean)- 362.5 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 401 and 410. 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 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... Canadian Chickpea Prices Hit Record High, Outlook for 2... Canadian Dry Pea Market Sees Price Rise Despite Export ... Top 5 Market Commentary Cotton Arrivals in Major Producing States Show Decline Cotton Prices Surge in Karnataka Amid Spinning Mills' I... DCE Oil Complex Mid-Day Closing 23 Apr 2024 Cotton Prices Strengthens in Lower Rajasthan Amid Incre... Branded Processed Pulses At Mumbai Apmc Market - 23 Apr...