There is a substantial obstacle that the price faces at Rs 3,394, which indicates that a powerful correction is now taking place. The support levels that have been identified as Rs 3,288 and Rs 3,266 provide prospects for acquisition that may be considered realistic. An indication of a likely downturn in the market is provided by the Relative Strength Index, which shows a fall in bullish momentum. According to the MACD, a bearish crossing has been achieved, which indicates that there is a probability of further negative movement.

Significant volume spikes have been accompanying recent price rises, and these spikes are now beginning to fall off, which indicates that a phase of consolidation is already emerging. An overview of the market reveals that the futures for Undecorticated Cotton Seed Oilcake have been exhibiting a powerful upward trajectory in recent times; however, they are presently hitting resistance at the mark of Rs 3,394. Currently, the market is going through a retreat as prices are getting closer to the 23.6% Fibonacci retracement line, which is located at Rs 3,288, and more support is projected to become available around Rs 3,266.

Following a decrease in positive momentum, the Relative Strength Index has reached a neutral position. On the other hand, the Moving Average Convergence Divergence has showed a bearish crossing, which indicates that there may be a downward trend in price movements. During the course of the rally, there was an increase in trading volume, as shown by the study of trading volume; however, a subsequent fall in volume indicates that the momentum may be becoming less strong. The players in the market are keeping a careful eye on these crucial milestones in order to assess the possibility of price breakouts or reversals.