Technical : Castor seed Deesa Spot : Correction Is In Progress 22 Mar 2018 5:32 pm   0 Comments  |   Post Comment  |  Font Size A A A  Dated 22/03/2018 Technical : Castor seed Deesa Spot : Correction Is In Progress Castor Seed Deesa- Last Close (Mean)- Last Close-: 4100 Correction that is being witnessed currently is for Wave 2 of Wave (c) or Wave b of Wave (e). Retracement levels are being tested which are at 3890 and 3649. Once the current confirmation of correction is complete expect a rally to 5660-6120. The view for medium to long term is for higher price unless sharp fall and close below 3650 is witnessed. Conclusion Long term trend appears to be up and correction in near term to short term appears to be opportunity for accumulation. Physical may accumulate at lower prices and rally with volatility of higher top and higher bottom formation is likely to be in place.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Special Reports Jaipur Mustard Seed Trending Lower / Next Support at R... Mustard Cake (Jaipur) Correction Underway / Next Suppo... Rajkot Groundnut Oil Loose Correction Underway / Next ... US soybean net sales for April 12-18 at 210,900 MT, dow... Castor Oil (Kadi) Weak Price Trend / Next Support at R... more Top 5 News Mumbai Pigeon Pea Tur (Lemon) Positive Short-term Tren... Jaipur Mustard Seed Trending Lower / Next Support at R... Mustard Cake (Jaipur) Correction Underway / Next Suppo... Kabuli Chana (Indore) Bearish Trend / Next Support at ... Weekly: ICE cotton futures extend decline; little suppo... Top 5 Market Commentary MAIZE NEWS WHEAT NEWS Gujrat Sugar Mill Prices 01 MAY 2024 Haryana Sugar Mill Prices 01 MAY 2024 Uttar Pradesh Sugar Mill Prices 01 MAY 2024