Report For Date: 19/11/2018
MCX Cotton Bales December 2018: Breakout Rally Is Above 23060
MCX Cotton Bales: (Price in Rs/Per Bale)
Traders by chance still long and holding the same can maintain the stop loss at 21730.
Resistance will be at 22523-22697.
Lower range for the week can be 22257-21817.
Oscillation around WRV is likely.
Breakout rise is above 23060.
Traders can buy above 22790 with low of the week as the stop loss or 2230 whichever is lower at the point of rise above 22790.
TREND INFORMATION WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
22430.00
|
22284.2
|
UP
|
22830.0
|
12.10
|
21817
|
22257
|
22523
|
22697
|
23137
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Close
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
22430.00
|
-0.3
|
163690.0
|
95.8
|
5554.0
|
16.9
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
51.04
|
-1.41
|
43.23
|
-25.97
|
168.52
|
-12.85
|
23.35
|
8.35
|
.png)
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.
0 Comments 
Post Comment 
