Dated 09/02/2017
Cotton Seed Gujarat Kadi - Last Close (Mean)-08/02/2017-522.50: Expect Correction/Consolidation
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(Monthly Chart)
Wave e of Wave (c) of Wave A is in progress.
Alternatively, Wave A is complete at peak of 640 (July 2016).
Wave B is in progress or could have ended at the bottom of 455 (November 2016).
Resistance is at 518-545.
Sustained rise above 545 can show pullback towards 565-590.
Conclusion
Rise and pullback can continue if 545 is crossed.
Support will be at 500-510.
Minor correction and consolidation could happen between 545 and 455.
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