turmeric trading in strong uptrendturmeric chart suggest ba ck to back monthly gains
ideally the trend could continue with retracements in between
it is following an upward sloping trendline on higher frame
the trendline its following comes straight from 2007 thus suggest a strong validity of the same
Cotton
GREAVES COTTON -- WEEKLY BREAKOUT GREAVES COTTON -- WEEKLY TRENDLINE BREAKOUT .
1, Greaves cotton seen weekly trendline breakout on chart
2. stock trading at upper channel , whereas support at lower level of upper channel seen around 150-155 level bullish pattern seen on chart now
3. stock trading near 200 HMA , above 200 HMA candle closing will be sharp upmove towards 200 level can be seen
4. trix custom indicator seen turn green and just cross and move above 0 line which is strong bullish indicator.
5.current quarter result is strong as fundamental price aprreciation from now.
6. BUY GREAVES COTTON around 171-172 TARGET 180-200-225 + short term ( 1-2 month) and stop loss bellow 140
** this idea is for Educational Purpose ** trade at own risk !!
HAPPY TRADING !!
GREAVES COTTON LTD - POSITIONAL GREAVES COTTON LTD ---POSITIONAL
DAILY CHART BULLISH SIGNS.
1. Double bottom formation around 155-156 level from where trend reversal seen
2. Trendline breakout seen at strong support line 160-165
3. Last candle bullish strength seen at high of candle 178 is short term resistance
4. uptrend confirm once 180 level breakout upside at closing basis that means next candle should close above 180 then confirm BUY level
5. Bullish rounded bottom cup formation at daily chart
BUY GREAVES COTTON bove 180
TARGET 200 - 220 - 240
STOP LOSS 150
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!
HAPPY TRADING. !
Short CottonShorting Cotton due to breakdown of trendline support area in short term.
RSI also looks negative and going down.
Cotton look good after correction, Volatility is about to startThe cotton season of 2020-21 has almost come to an end and has been pretty eventful for the Cotton Corporation of India (CCI).
Technically prices look to hold support at 20500 levels can see a bounce till 21850-21900 level
MCX Cotton rising by global demand - Target 20000+According to fundamental research, MCX ( NCDEX ) cotton seems strongly bullish ahead. The short-term investors can start buying cotton nearby highlighted area for the targets of 19860 - 20000 - 20260+ .
Cotton Looking UPCotton did not give a weekly close below the 67.55 Level.
Current Price action points to an upward move to the Green Zone (85/88)