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MCX Cardamom May: Further Rise Is Above 1780 Closing

20 Apr 2019 3:09 pm
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Report For Date: 22/04/2019


MCX Cardamom Oil (Price are in INR )


Exit long on rise from 1707 or above as the opportunity arises.

Resistance will be at 1729-1757-1780.

Further rise can continue above 1780.

Lower range can be 1679-1601.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

1707.5

1501.9

UP

1076.5

6.07

1601.3

1679.5

1729.8

1757.7

1835.9


*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

V -G/L%

OPEN INTEREST

OI -G/L %

CANDLE

POSITION

1707.5

-1.9

7400.0

138.7

118.0

11700.0

Negative

Addition Short


TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

64.26

-4.88

87.61

-6.24

79.59

2.66

61.18

3.11






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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