Login ID:
Password:
Partner Login
Contact Us : 7066511911

MCX Gold April: Further Weakness Is Below 31777

13 Mar 2019 11:04 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Report for Date:  13/03/2019



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


Traders short and holding the same can maintain the stop loss at 32227.

Resistance will be at 32072-32227.

Support will be at 31899-31777.

  
TREND INFORMATION WITH INTRA-DAY LEVELS  

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

32000.0

32365.1

DOWN

32981.0

28.02

31726

31899

31971

32072

32245


*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. Sideways- No Directional Movement Indication

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

 V -G/L%

Open Interest

OI  -G/L %

Candle

Position

32000.0

0.3

10237000

-7.4

9251

-9.4

Indecisive

Unwinding


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

36.37

7.98

37.64

49.97

-235.95

-9.12

28.44

-3.30




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.

 

 

  


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
MCX Silver July : Exit Long And Sell
MCX Gold June: Exit Long On The Rise
MCX Silver July : Exit Long And Sell
MCX Gold June: Exit Long On The Rise
MCX Silver July : Exit Long And Sell
more
Top 5 News
MCX Natural Gas May2019: Resistance Remains At Highe...
MCX Silver July : Exit Long And Sell
MCX Aluminum May 2019: Resistance Remains At Higher R...
MCX Gold June: Exit Long On The Rise
MCX Lead May: Resistance Remains At Higher Range
Top 5 Special Reports
Technical: Castor Seed Deesa- Expect higher level to ...
Technical: Barely Jaipur- Breakout above 1960 is essen...
Technical: Wheat Spot Delhi- Correction Likely To End...
Technical: Sugar M Grade Delhi- Trend Line Breakout Is...
WEEKLY: Selling Pressure In Cardamom May Appear At Exis...
Copyright © CC Commodity Info Services LLP. All rights reserved.