MCX Cotton Bales Weekly March 2018: Minor Correction And Band Movement Likely 17 Mar 2018 2:07 pm   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date: 19/03/2018 MCX Cotton Bales Weekly March 2018: Minor Correction And Band Movement Likely MCX Cotton Bales: (Price in Rs/Per Bale) Exit long on rise to resistance of 20340-20547-20783. Further rise will continue on rise and close above 21280. Expect correction towards DRV-19689. Lower range for the week can be 20103-19423. A fall and close below 19400 can extend the slide. A range bound movement between 19400 and 21280 could be seen to eventually provide the breakout above 21280. Correction to DRV-19689 can be used for buying with a stop loss of 19400. TREND INFORMATION WEEKLY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 - 20340.00 19689.55 UP 20000.0 23.02 19423 20103 20547 20783 21463 *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. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY Close PRICE G/L% VOLUME % V INC/DEC OPEN INTEREST % OI INC/DEC CANDLE POSITION 20340.0 -2.9 312710 -20.6 6200 -17.1 Negative Unwinding TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI STOCHASTIC 1-ROC- STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS 57.14 -11.50 71.15 4.61 460.89 -3.98 52.38 -14.29 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.   Rate this story 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 :       Post Comment		Latest Domestic Weekly Technical Analysis MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart MCX : Cotton Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports RBD Palm Olein (Kandla) Positive Short-term Trend / Ne... Soybean Meal (Indore) Trending Higher / Next Resistanc... Burma Pigeon Pea (Tur) CNF$ Lemon Positive Trend / Nex... Weekly: ICE raw sugar records loss for second week in a... Weekly: ICE cotton futures post extend fall for sixth s...