NCDEX Turmeric April: Reversal Is On Closing Above 7400 17 Feb 2018 11:02 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 19/02/2018 NCDEX Turmeric April: Reversal Is On Closing Above 7400 NCDEX Turmeric (Price are in INR (Rs)/Quintal) The trend is down. Key resistance is at 7400. A rise and close above 7400 may mark a major bottom is placed at 7040. Cover short positions on dips to 7230 – 7190 levels or below as the opportunity arises. Buy on breakout and close above 7400. STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Cover Short 7258 7346 DOWN 7570 15.01 7073 7191 7243 7309 7427 *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 7258.0 0.6 2065 39.1 10270 0.4 Indecisive Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 45.6 6.7 39 -14.9 -67 8.0 36.49 7.09 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 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...