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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+ .
Explaination on Chart. Strong Commercial Long Buildup. But Bottom is still not Visible.
Stock is in strong uptrend should bounce again. Follow the stop loss, don't hold for long.
Cotton 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)
Cotton is Looking Weak