Ambika cotton seems to be forming a rounding bottom pattern and showing some momentum.
After 3 breakout attempts it seems to be showing some positive moment for it to go on the up. It has been in the consolidation phase for more than year and half.
Expecting some upmove if we get good volumes to break on the up, with the levels of 1730-1846-1980-2173 only if it breaks 1740 with good volumes and over all market conditions are favourable.
Strong base is at 1310-1202 levels.
No recommendation, just my view based on chart pattern.
After 3 breakout attempts it seems to be showing some positive moment for it to go on the up. It has been in the consolidation phase for more than year and half.
Expecting some upmove if we get good volumes to break on the up, with the levels of 1730-1846-1980-2173 only if it breaks 1740 with good volumes and over all market conditions are favourable.
Strong base is at 1310-1202 levels.
No recommendation, just my view based on chart pattern.