Report For Date: 28/01/2019
MCX Mentha Oil (Price are in INR )
Exit long and sell on rise from 1488-1557 with a stop loss of 1636.
Expect lower range of 1442-1327 to be tested.
Breakout is above 1636, breakdown is below 1414 and resistance is at 1511-1557.
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
1488.50
|
1591.06
|
DOWN
|
1580.10
|
18.01
|
1327.8
|
1442.7
|
1511.9
|
1557.6
|
1672.5
|
*Trend will remain Down as long as last close is below the pink color WRV-(Weekly Reversal Value). Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE
|
PRICE G/L%
|
VOLUME
|
V -G/L%
|
OPEN INTEREST
|
OI -G/L %
|
CANDLE
|
POSITION
|
1488.5
|
-5.8
|
1053000.0
|
222.1
|
673.0
|
107.7
|
Negative
|
Addition Short
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
42.56
|
-12.48
|
64.54
|
-14.24
|
-3.81
|
-170.17
|
31.94
|
-22.76
|
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.