Report For Date: 25/02/2019
MCX Cardamom Oil (Price are in INR )
Support will be at 1439-1436.
Further weakness/correction is below 1436.
On fall and close below 1436 expect correction towards 1363 or below.
Resistance is at 1489-1525.
A rise and close above 1525 with bullish candle can resume up trend to test back the resistance -1580-1609 and the peak of 1680.
TREND INFORMATION WITH INTRA-DAY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
1458.20
|
1493.42
|
DOWN
|
1458.20
|
22.02
|
1389
|
1439
|
1470
|
1489
|
1539
|
*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
|
1458.2
|
-3.5
|
1700.0
|
-91.5
|
16.0
|
-93.3
|
Negative
|
Unwinding
|
TECHNICAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
STOCHASTIC
|
1-ROC
STOCHASTIC
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
51.29
|
-9.27
|
14.99
|
-22.95
|
65.38
|
-14.32
|
41.99
|
-12.99
|
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.