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...
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...
The 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
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+ .