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NCDEX Dhaniya May 2019 Weekly: Higher Range Is To Take Profits

29 Apr 2019 12:41 pm
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Report For Date: 29/04/2019


NCDEX Dhaniya (Price are in INR (Rs)/Quintal)


Traders long and holding the same can maintain the stop loss at 6900.

Resistance is at 7570-8115.

Higher range of 7570-8115 can be used to exit long and take profits.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

7293.00

6867.00

UP

6571.0

22.03

6480

7025

7302

7570

8115

*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 can hold long position with WRV as the closing stop loss and close > WRV. Traders can hold short position with WRV as the closing stop loss and close < WRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

STRATEGY

7293.0

1.2

52070.0

470.3

20840.0

-27.3

Indecisive

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

65.52

2.40

81.39

-9.20

169.61

18.64

72.60

3.55

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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