Report For Date: 21/08/2017
NCDEX Soya Bean Weekly October: Further Rise Is Above 3227 Closing
NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)
Technical Rating: 58.80-Moderate Up Trend
Technical Rating is moderate up trend and consolidating for stronger up trend in time to come unless sharp fall and close below 3050 is witnessed.
Hold long position with a stop loss of 3050.
Resistance is a 3227-3220.
Further rise and close above 3227 with bullish candle can set a rally to 3408.
TREND INFORMATION WITH WEEKLY LEVEL
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
3185.00
|
3069.53
|
UP
|
3129.0
|
21.07
|
3010
|
3119
|
3161
|
3228
|
3337
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders can hold long position with DRV as the closing stop loss and close > DRV. Traders can hold short position with DRV as the closing stop loss and close < DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
3185.0
|
1.7
|
157600
|
-5.2
|
53550
|
-6.8
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
59.57
|
4.39
|
66.79
|
-8.41
|
20.84
|
127.26
|
58.79
|
4.56
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.