Login ID:
Password:
Partner Login
Contact Us : 7066511911

NCDEX Guar Gum March 2019: Further Weakness Is Below 8197

12 Feb 2019 10:28 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

 Report For Date:12/02/2019



NCDEX Guar Gum (Price are in INR)


Cover short position at 8390 or below.

Expect higher range of 8501-8757 to be tested.

Weakness will continue below 8197.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

8390.00

8614.91

DOWN

8700.0

24.01

7989

8245

8355

8501

8757


*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

8390.0

1.4

15740

-5.8

69365

4.4

Positive

Addition Long



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

38.79

18.01

26.73

75.03

-99.30

-4.29

44.07

31.16



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.

 

 


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) – Remains Trapped Between Support (Rs...
Guar Gum – Consolidating Between Support (Rs. 8,400) & ...
Mentha Oil (Aug. ‘19) – Short-term Strength Triggers Re...
Guar Seed (NCDEX) – Remains Trapped Between Support (Rs...
Guar Gum – Consolidating Between Support (Rs. 8,400) & ...
more
Top 5 News
Rapeseed (NCDEX) (Sep. ’19) – Engaging in Another Leg L...
Guar Seed (NCDEX) – Remains Trapped Between Support (Rs...
Guar Gum – Consolidating Between Support (Rs. 8,400) & ...
Castor Seed (Sep. ’19) – Consolidating Within a Range (...
Soybean (NCDEX) – Backing & Filling Below Overhead Resi...
Top 5 Special Reports
USD/MYR—Backing Away from Resistance at 4.2000
USD/IDR—Near the Midpoint of a Multi-month Range (13,90...
USD/BRL—Approaching Symmetrical Triangle Pattern Resist...
U.S. Dollar Index—Remains on an Upward Trajectory
Weekly: ICE Sugar Ends Down As Brazilian Real Sinks Be...
Copyright © CC Commodity Info Services LLP. All rights reserved.