Report for Date: 12/2/16
MCX Zinc February: Exit Long On The Rise
MCX Zinc (Price figures below are in Rs/INR per Kg)
Traders by chance long and holding the same can keep the stop loss at 111.80.
Use rise to 118.3-121.1 to exit long position.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
116.90
111.02
UP
103.8
25.01
112.7
115.5
116.8
118.3
121.1
*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
116.9
0.8
102340000
-26.0
3639
1.0
Positive
Addition Long
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
62.88
2.15
48.48
-16.06
View Full Image
Read Disclaimer