Report For Date: 11/03/2019
MCX Cotton Bales: (Price in Rs/Per Bale)
Exit long and sell on rise from 20710-21113 with a stop loss of 21480.
Expect lower range of 20493-19873 to be tested.
Buy above 201480 with low of the week as the stop loss or 20710 whichever is lower.
Breakout from the falling Standard Error Channel can be seen if sustains above 201480.
TREND INFORMATION WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
20710.00
|
21258.12
|
DOWN
|
21750.00
|
23.11
|
19873
|
20493
|
20897
|
21113
|
21733
|
*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 (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Close
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
20710.0
|
0.4
|
313740.0
|
68.5
|
12648.0
|
-3.3
|
Indecisive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC-
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
44.41
|
2.69
|
55.69
|
45.34
|
-361.00
|
5.75
|
46.94
|
-7.81
|
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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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