MACD has formed a bearish crossover and prices of mentha oil have closed below its 20 EMA support
Mentha Oil has taken support at the lower Bollinger band supporting our reversal view
Lower high in RSI below the trendline suggests a drop in momentum which is supportive of a bearish view in Mentha oil
Momentum indicators and volume indicate an upside move in Mentha Oil. A long trade can be initiated
Positive data, indicators, and oscillators indicate a further up move. A long trade can be initiated
Way2Wealth has recommended to sell MCX Mentha oil Nov below Rs 916 with a stop loss of Rs 928 for the target price of Rs 903/889, in its research report dated Nov 10, 2015.
Way2Wealth has recommended to sell MCX Mentha oil Sep below Rs 970 with a stop loss of Rs 982 for the target price of Rs 953, in its research report dated Sep 02, 2015.
Way2Wealth has recommended to buy MCX Mentha oil August around Rs 925 with a stop loss of Rs 913 for the target price of Rs 945/957, in its research report dated Aug 11, 2015.
Way2Wealth has recommended to buy MCX Mentha oil Aug around Rs 952.30 with a stop loss of Rs 940 for the target price of Rs 965/977, in its research report dated July 31, 2015.
According to Karvy, Mentha Oil prices are expected to trade on lower note during today‘s trading session. However, stable demand from stockiest is likely to support prices at lower levels. Traders are expecting export demand to improve in coming month which might also support mentha oil prices.
Way2Wealth has recommended to buy MCX Mentha oil July around Rs 1185 with a stop loss of Rs 1072 for the target price of Rs 1110/1123, in its research report dated July 01, 2015.
Way2Wealth has recommended to buy MCX Mentha oil May around Rs 905 with a stop loss of Rs 890 for the target price of Rs 942, in its research report dated May 26, 2015.
Way2Wealth has recommended to sell MCX Mentha oil May at Rs 983 with a stop loss of Rs 1005 for the target price of Rs 963/947, in its research report dated May 07, 2015.
Way2Wealth has recommended to sell MCX Mentha oil May around Rs 994 with a stop loss of Rs 1012 for the target price of Rs 975/962, in its research report dated April 29, 2015.
According to Karvy, Mentha oil April futures prices are expected to trade on down side in today‘s trading session. However, farmers are in reluctance in selling their produce at lower rates might cushion mentha oil prices from sharp fall.
According to Karvy, at the domestic front, the arrivals might further decrease and consequently menthe oil prices might trade on a strong note.
Karvy has suggested selling Mentha oil from higher levels for March future contract in today‘s trading session, in its research report dated March 25, 2015.
India Budget 2015-16 is round the corner and commodity market have a lot of expectations from this budget after Indian economy emerged as one of the fastest growing economies in the world led by the stable government at the Center, says Ventura.
Karvy has recommended buying mentha oil in today‘s trading session, in its research report dated February 04, 2015.
Mentha oil futures prices traded on a positive note on higher level buying during Tuesday‘s trading session. Since the beginning of the session, says Karvy
Emami's third quarter consolidated profit after tax may increase 10.2 percent year-on-year to Rs 166 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Religare Retail Research has come out with its report on agricultural commodities.Mentha Oil prices are likely to find some strong support The sowing is set to start from February onwards. emand from harmaceutical Industries and rise in exports could support the prices at the lower levels. High stocks are keeping uptrend limited
Religare Retail Research has come out with its report on agricultural commodities.Mentha Oil prices are likely to find some strong support however remained and supported the prices at these levels. High stocks are keeping uptrend limited.
Religare Retail Research has come out with its report on agricultural commodities.Mentha Oil prices are likely to find some strong support However, do-mestic demand from pharmaceutical Industries in Indian markets may support the falling rates in coming days.Exports expected to pick up in Jan 2nd week as Interna-tional markets open.
Mentha oil prices are expected to trade on a positive trend on the buying at the lower levels and we recommend remaining on the buying side for the current contract, says Karvy.