Buy Cotton May Abv 21870 Sl Below 21480 TGT 22300-22640 - Kedia Advisory
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MCX COTTON
BUY COTTON MAY ABV 21870 SL BELOW 21480 TGT 22300-22640
Technical Update:
Cotton on MCX is currently trading near 21980. It forms Bat Bullish Harmonic Pattern on the daily chart. Prices are currently trading above 50-day moving average and above 200-day moving average. Also Ichimoku indicators suggest prices are currently in the positive zone. RSI suggests prices are currently in positive zone. Markets are expected to trade with volatility in the coming trading sessions.
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