Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Zinc December 2017 Weekly: Further Rise Is Above 219

4 Dec 2017 10:13 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 04/12/2017

MCX Zinc December 2017 Weekly: Further Rise Is Above 219

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

Traders by chance long and holding the same can maintain the stop loss at 199.

Expect higher range of 213.6-223.1 to be tested.

Further rise is above 219 and traders can look for rise to take profits.

Re-enter long on rise and close 219.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

210.00

196.29

UP

174.4

23.06

194.5

204.0

207.6

213.6

223.1

*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

210.0

0.1

267310016

1157.9

6760

175.5

Indecisive

Unwinding

TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

61.49

-0.84

54.00

-10.71

8.18

-3.49

53.33

3.07



Report for Date: 04/12/2017

MCX Zinc December 2017 Weekly: Further Rise Is Above 219

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

Traders by chance long and holding the same can maintain the stop loss at 199.

Expect higher range of 213.6-223.1 to be tested.

Further rise is above 219 and traders can look for rise to take profits.

Re-enter long on rise and close 219.


TREND INFORMATION WITH WEEKLY LEVELS


STRATEGY

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

Hold Long

210.00

196.29

UP

174.4

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 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 :  
   

Top | Post Comment  

Top 5 Special Reports
Technical:Mumbai Matar Canada -Minor Correction For Con...
Technical: Mumbai Lemon Tur- Support/Consolidation At L...
India July Veg Oil Imports Down 27% Y/Y At 11.19 Lakh T...
India 2017-18 Spices Production Down 2.3% Y/Y At 8.4 Ml...
Weekly: Urad, Chana Gain Most This Week; White Pea Soft...