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MCX Aluminum September 2017 Weekly: Further rise is above 136.60

19 Sep 2017 10:48 am
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Report for Date: 18/09/2017


MCX Aluminum September 2017 Weekly:
Further rise is above 136.60

MCX Aluminum (Price figures below are in Rs/INR per Kg)

Traders long and holding the same can maintain the stop loss of 130.

Resistance will be at 133-135-139.

Further rise is above 136.60.

Traders can buy above 136.6 with low of the week as the stop loss or 132.4 whichever is lower.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 132.4 126.1 UP 124 30.06 126.6 130.7 133.2 134.8 138.9

*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.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position
132.4 -0.4 190440000 10.9 2120 -37.4 Indecisive Unwinding

TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
62.93 -1.83 78.10 -5.99 2.76 4.47 59.65 3.38












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.

       
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