Login ID:
Password:
Partner Login
Contact Us : 7066511911

NCDEX Guar Gum June 2019: Exit long on the rise

21 May 2019 10:25 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report For Date:21/05/2019


NCDEX Guar Gum (Price are in INR)

Exit long and sell on rise from 8803-8866 with a stop loss of 8970.

Expect lower range of 8762-8658 to be tested.

TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

8803.00

8915.17

DOWN

8834.00

17.05

8658

8762

8824

8866

8970


*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

8803.0

-0.4

7070

-31.2

57630

-1.9

Negative

Unwinding



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

41.46

-3.52

11.87

-27.11

-33.85

-42.00

15.12

-11.64







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.


View Full Image
Read Disclaimer
       
  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
Guar Seed (NCDEX) Bearish Price Trend / Hold Shorts /...
Guar Gum Bearish Primary Trend / Prices Approaching O...
Mentha Oil (Sep. 19) Engaging in a New Leg Lower / H...
Guar Seed (NCDEX) Bearish Price Trend / Hold Shorts /...
Guar Gum Bearish Primary Trend / Prices Approaching O...
more
Top 5 News
Rapeseed (NCDEX) (Oct. 19) Engaging in a New Leg Low...
Guar Seed (NCDEX) Bearish Price Trend / Hold Shorts /...
Guar Gum Bearish Primary Trend / Prices Approaching O...
Castor Seed (Oct. 19) Initiated a New Leg Higher / H...
Soy Complex Soybean (NCDEX) New 52-Wk Highs / Hold ...
Top 5 Special Reports
Weekly: Urad, Tur Decline Most In Pulses Complex
Canada's Pea Production May Rise 30% To 4.7 Million Ton...
USD/INR A Pullback is Underway / Next Key Support Zon...
USD/INR May Decline Further Towards Key Support Zone ...
USD/INR Requires a Breakout Above 72.00 To Confirm Up...
Copyright © CC Commodity Info Services LLP. All rights reserved.