Report for Date: 18/02/2019
MCX Gold (Price figures below are in Rs/INR per Kg)
Hold long position with a stop loss of 32300.
Resistance will be at 33594-34199.
Further rise is above 33750.
Trade long above 33750 with low of the week as the stop loss or 33384 whichever is lower.
TREND INFORMATION WITH WEEKLY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
33384.0
|
31862.6
|
UP
|
31595.0
|
7.12
|
32384
|
32989
|
33200
|
33594
|
34199
|
*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.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
|
33384.0
|
0.4
|
43724000.0
|
68.9
|
16266.0
|
-3.7
|
Positive
|
Unwinding
|
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
69.19
|
1.33
|
85.09
|
-4.40
|
595.67
|
11.11
|
69.83
|
1.00
|
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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