Login ID:
Password:
Partner Login
Contact Us : 07666977977

MCX Gold Aprilí17: Expect Higher Range To Be Tested

17 Feb 2017 8:37 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

 Report for Date: 17/02/2017


MCX Gold April’17: Expect Higher Range To Be Tested

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

Traders long and holding the same can maintain the stop loss at 29180.

Expect higher levels of 29540 – 29840 to be tested with volatility.

TREND INFORMATION WITH INTRA-DAY LEVELS  


STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Long 29416.0 28788.7 UP 28507.0 30.01 28934.0 29237.0 29361.0 29540.0 29843.0


*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
29416.0 0.9 10902000 -0.1 6991 5.9 Positive Addition Long


TECHINCAL INDICATORS TABLE


RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS
65.74 8.13 55.07 85.71 255.01 5.61 78.03 10.92








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
MCX Silver May: Further Rise Is Above 41500
MCX Gold Aprilí17: Further Rise Is Above 28950 Closi...
MCX Silver May: Cover Short Position
MCX Gold Aprilí17: Expect Higher Range To Be Tested ...
MCX Silver May: Cover Short Position
more
Top 5 News
Technical: USD Seems Surrendering Recovery Against INR...
NCDEX Guar seeds10 April: Book Profits And Exit Positi...
NCDEX Guar Gum April: Exit Long Positions
MCX Mentha Oil March: Hold Short Positions
NCDEX Castor Seed Aprilí17: Hold Long Positions
Top 5 Special Reports
Tight Supply-Demand Balance Sheet May Keep Castor Seed ...
India Soymeal Likely To Trade Rangebound Next Week
India Edible Oil Outlook Seen Down Next Week
Weekly:Unfixed Cotton On Call Marginally Declines In US...
India Oilseed Market Will Focus On Demand For By-Produc...
Copyright © CC Commodity Info Services LLP. All rights reserved.