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NCDEX Guar Gum May 2019: Resistance Remains At Higher Range

29 Apr 2019 9:05 am
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Report For Date: 29/04/2019


NCDEX Guar Gum (Price are in INR)


Exit long and sell on rise from 8651-8809 with a stop loss of 9065.

Resistance will be at 8710-8809.

Lower range can be 8553-8297.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

8651.0

8828.9

DOWN

8700.00

18.04

8297

8553

8710

8809

9065


*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

8651.0

-0.6

61620.0

457.9

38410.0

-37.5

Negative

Unwinding



TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

50.17

-0.48

37.66

-39.00

15.24

-14.49

32.37

-5.99






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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