turmeric turmeric is overall in strong uptrend on weekly frame
expect it to turn even more bullish or in other word catch momentum once start trading above swig high areas
Contract highlights
9500 to 19000| Turmeric's Resurgence Sparks New Trading Buzz!Turmeric has emerged as a notable script in recent months, experiencing a substantial rally from 9500 to 19000. This impressive performance has reignited interest in the commodity. Presently trading at Rs 12500, a level significantly below its recent high of Rs 19500, Turmeric has garnered renewed
turmeric trading in strong uptrendturmeric chart suggest ba ck to back monthly gains
ideally the trend could continue with retracements in between
it is following an upward sloping trendline on higher frame
the trendline its following comes straight from 2007 thus suggest a strong validity of the same
Turmeric technically look firmTurmeric technically look firm a break above 7150 can test 7450 also look for time fibo we can see good volatility in coming 2-3 session.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Turmeric Futures is 14,352 INR / 100KGM — it has fallen −0.31% in the past 24 hours. Watch Turmeric Futures price in more detail on the chart.
The volume of Turmeric Futures is 2.52 K. Track more important stats on the Turmeric Futures chart.
The nearest expiration date for Turmeric Futures is Dec 20, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Turmeric Futures before Dec 20, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Turmeric Futures this number is 10.70 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Turmeric Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Turmeric Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Turmeric Futures technicals for a more comprehensive analysis.