Login ID:
Password:
New User
/
Subscription Rate
Partner Login
Contact Us : 7066511911
Home
Veg Oils
Pulses
Cotton
Spices
Sugar/Gur
Plantation
Grains
Precious Metals
Metals
Energy
Others
हिंदी
MCX Aluminum May 2017: Expect Higher Range To Be Tested
26 May 2017 10:14 am
0 Comments
|
Post Comment
|
Font Size
A
A
A
Report for
Date: 26/05/2017
MCX Aluminum May 2017:
Expect Higher Range To Be Tested
MCX Aluminum (Price figures below are in Rs/INR per Kg)
Hold long position with a stop loss of 124.
Expect higher range of 126.7-128.1.
Accumulate at 125.40 or below with a stop loss of 124.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
CLOSE
DRV
TREND*
Trend
Price
Trend
Date
L1
L2
CP
L3
L4
Hold Long
126.3
124.7
UP
123.5
16.05
124.9
125.8
126.1
126.7
127.6
*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
126.3
0.2
26860000
-7.1
1988
-10.2
Positive
Unwinding
TECHINCAL INDICATORS TABLE
RSI
1-ROC-RSI
Stochastic
1-ROC-
Stochastic
MACD
1-ROC
MACD
RS
1-ROC
RS
62.16
1.30
91.67
1.67
0.45
38.40
85.65
-1.66
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
Rate this story
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 :
Post Comment
Latest TechAnalysis Report
Precious Metals Silver (May 24) Bullish Trend / Buy o...
Precious Metals Gold (Jun 24) Bullish Trend / Buy-on-...
Precious Metals Silver (May 24) Bullish Trend / Buy o...
Precious Metals Gold (Jun 24) Bullish Trend / Buy-on-...
Precious Metals Silver (May 24) Bullish Trend / Buy o...
more
Top 5 News
Cotton Candy (May 24) Bearish Trend / Sell on Rise / K...
Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price...
Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips...
Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips...
Aluminium (Apr 24) Bullish Trend / Buy-on-Dips / Key S...
Top 5 Special Reports
Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545...
Soy Refined Oil (Indore) Trading Near Key Resistance (...
US cotton net export sales for April 5-11 at 146,100 RB...
US soybean net sales for April 5-11 at 485,800 MT, up 5...
Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...
Copyright © CC Commodity Info Services LLP. All rights reserved.