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NCDEX Soya Bean Weekly March 2019: Resistance At Higher Range

9 Feb 2019 3:40 pm
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Report For Date: 11/02/2019



NCDEX Soya Bean: (Price Are INR (Rs)/Quintal)


Exit long on rise from 3778 to 3958.

Resistance will be at 3809-3858.

Lower range can be 3729-3600.

Expect near term correction to 3653 with volatility.


TREND INFORMATION WITH WEEKLY LEVEL

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

3778.00

3577.21

UP

3404.0

28.1

3600.0

3729.0

3809.0

3858.0

3987.0


*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. Positional Traders can hold long position with WRV as the closing stop loss and close > WRV. Traders can hold short position with WRV as the closing stop loss and close < WRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

3778.0

-1.6

234370.0

38.4

180160.0

22.5

Negative

Addition Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

64.81

-6.41

77.88

-11.86

96.26

8.48

72.71

-2.99


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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