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Technical: Cotton Seed Oil Cake Kadi - Reversal Likely To Happen

7 Jun 2018 5:39 pm
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Dated 7/06/2018

Cotton Seed Oil Cake Kadi- Last Close- 1572 - Reversal likely to happen




Support will be at 1457 and 1419.


Resistance will be at 1650-1700.

Expect resistance to be tested

Conclusion
Reversal process has resumed. Recent low of 1276 is likely to be the bottom.

Correction to support can be for consolidation. Up trend is likely to resume with volatility.

       
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