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MCX Cardamom February 2019 : Expect Higher Range To Be Tested

11 Jan 2019 10:33 am
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Report For Date: 11/01/2019




MCX Cardamom Oil (Price are in INR)


Hold long position with a stop loss of 1450.

Expect higher range of 1607-1637.


CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

1590.50

1516.06

UP

1379.00

15.10

1547

1577

1594

1607

1637


*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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

V -G/L%

OPEN INTEREST

OI -G/L %

CANDLE

POSITION

1590.5

0.7

5300

-15.9

245

8.4

Indecisive

Addition Long/Short



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

67.83

3.00

82.17

-4.97

18.78

13.44

62.43

17.57





Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

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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