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NCDEX Soya Bean Weekly June 2019: Exit Long On The Rise

20 May 2019 9:18 am
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Report For Date: 20/05/2019


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


Traders long and holding the same can maintain the stop loss at 3600.

Resistance will be at 3746-3788.

Lower range can be 3673-3600.




TREND INFORMATION WITH WEEKLY LEVEL

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

3715.00

3636.22

UP

3404.00

28.12

3558

3673

3746

3788

3903


*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

3715.0

-0.2

196600.0

26.9

135750.0

-4.8

Indecisive

Unwinding


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

53.89

-0.74

31.54

24.52

56.90

-8.04

28.91

-9.37


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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