Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Lead September: Exit Long On The Rise

14 Sep 2018 10:41 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date: 14/09/2018


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


Exit long and sell on rise from 146-147.7 with a stop loss of 151.20.

Expect lower range of 145-142 to be tested.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

146.10

146.70

DOWN

146.40

10.09

142.33

145.03

146.67

147.73

150.43


*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

146.1

0.0

60805000

-39.9

2098

4.3

Indecisive

Addition long/Short



TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

46.73

-0.19

32.79

38.29

-0.74

5.87

45.18

-0.42







Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.

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.


View Full Image
Read Disclaimer
N       
  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  

Latest TechAnalysis Report
MCX Aluminum November 2018:Exit Long And Sell`
MCX Copper November: Cover Short Position
MCX Lead November: Exit Long And Sell
MCX Zinc November 2018: Near Term Rise Is Above 191.3 C...
MCX Nickel November: Exit Long And Sell
more
Top 5 News
MCX Aluminum November 2018:Exit Long And Sell`
MCX Copper November: Cover Short Position
MCX Natural Gas November 2018: Exit Long Position
MCX Silver December: Further Weakness 36000
MCX Lead November: Exit Long And Sell
Top 5 Special Reports
Weekly: Raw Pulses Slump On Dull Demand In Dals, Liquid...
Weekly: Poor Demand Drags Mustard Prices; Eyes On Sowin...
WEEKLY: ICE Cotton Down For Second Straight Week On Dem...
TECHNICAL: CPO Kandla (In USD) - Down Move Currently
Ag Canada Cuts Pea Export Projections For 2018-19
Copyright © CC Commodity Info Services LLP. All rights reserved.