Technical: Cotton Seed Kadi : Sideways Consolidation

Dated 06/04/2017f

Correction and consolidation of the rise from 455 to 545 is being witnessed.

Lower range of 480-455 is likely to be tested before making attempts to move higher.

Breakdown is below 455 closing. Upside breakout is above 545.


DRV is horizontal and oscillation around the same is likely.

Conclusion

Consolidation between 484-455 can be seen before moving higher above 545.