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MCX Aluminum March 2018: Exit Long And Sell

13 Mar 2018 11:00 am
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Report for Date: 13/03/2018


MCX Aluminum March 2018:
Exit Long And Sell


MCX Aluminum (Price figures below are in Rs/INR per Kg)

Traders short and holding the same can maintain the stop loss of 138.70.

Exit long and sell on rise from 135.5 to 136.8 with a stop loss of 138.70.

Expect lower range of 134.8-132.9 to be tested.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
135.50 139.40 DOWN 139.85 23.02 132.9 134.8 136.1 136.8 138.7


*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
135.5 -1.4 41830000 -32.0 3552 38.1 Negative Addition Short

TECHINCAL INDICATORS TABLE

RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
37.86 -11.92 19.65 -3.39 -0.88 -28.77 44.56 -18.58







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.



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