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Pet coke ban: Industry bodies urge Centre to file review petition in …

  • Pet coke ban: Industry bodies urge Centre to file review petition in SC

    Summary: “According to the norms, the use of furnace oil and pet coke should be replaced by air pollution control measures technology enabled technology introduced by industries. The industry on its part had assured the SC that they would comply with the norms as and when they are laid down. A day before the court hearing, the ministry uploaded the draft notification and invited comments from the industries within 60 days. “The apex court had directed MoEF&CC to formulate the norms for NOx (nitrogen oxide) and SOx(sulpher oxide) for the industries by June 20, 2017.

    It had also ordered the industries to comply with the laid down norms by December 31, 2017.

    GURGAON: Unhappy with the Supreme Court ban on usage of petroleum coke and furnace oil in the industries, city-based industrial associations on Wednesday appealed to the state government and the Haryana State Pollution Control Board (HSPCB) to take up the matter with the ministry of environment, forest and climate change (MoEF & CC) and Central Pollution Control Board ( CPCB ) for a review petition before the apex court.According to the members, they want the ministry to come up with the final parameters for the industries, as they had earlier issued the draft notification, and to give them at least six months time to introduce the technology which is at par with industries standards.”The apex court had directed MoEF&CC to formulate the norms for NOx (nitrogen oxide) and SOx(sulpher oxide) for the industries by June 20, 2017. It had also ordered the industries to comply with the laid down norms by December 31, 2017. The industry on its part had assured the SC that they would comply with the norms as and when they are laid down , As Reported By TOI.

    According to the Newspaper,However, the ministry did not take any action till October 23, 2017.

    A day before the court hearing, the ministry uploaded the draft notification and invited comments from the industries within 60 days.

    The apex court having taken note of the inaction by the ministry ordered a ban on the use of pet coke by the industries,” said Vikas Jain, president of Gurgaon chamber of commerce & industry.Praveen Yadav, president of Gurgaon Udyog association, said, “The issue is that the ban is going to impact small-scale and mid-scale industries and their workers.

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Focusing The Bull-Eye on Shares All American Pet Company Inc (AAPT)

The Average True Range of ATR For Shares of All American Pet Company Inc (AAPT) have trended downward over the past 10 bars, indicating bearish momentum for the equity near-term. At a recent glance the stock touched 0.0001 in a recent trade. All American Pet Company Inc (AAPT) currently has a 14-day Commodity Channel Index (CCI) of -38.89.

Dedicated investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action.

Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. We can also do some further technical analysis on the stock. At the time of writing, the 14-day ADX for All American Pet Company Inc (AAPT) is 26.89.

Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).

Some analysts believe that the ADX is one of the best trend strength indicators available. Interested investors may be watching the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations.

Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. All American Pet Company Inc (AAPT)’s Williams Percent Range or 14 day Williams %R currently sits at -100.00. In general, if the indicator goes above -20, the stock may be considered overbought.

Alternately, if the indicator goes below -80, this may point to the stock being oversold. Tracking other technical indicators, the 14-day RSI is presently standing at 47.47, the 7-day sits at 45.88, and the 3-day is resting at 40.00 for All American Pet Company Inc (AAPT). The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements.

When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range.

This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum.

The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”. For further review, we can take a look at another popular technical indicator.

In terms of moving averages, the 200-day is currently at 0.00, the 50-day is 0.00, and the 7-day is resting at 0.00. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors.

MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock.

Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

Looking at Petrel Resources Plc (PET.L)’s Levels: What’s Inside the Numbers

Investors may want to examine some technical indicators when studying a stock. Currently, the 14-day Commodity Channel Index (CCI) for Petrel Resources Plc (PET.L) is sitting at -185.42. CCI is an indicator used in technical analysis that was designed by Donald Lambert.

Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). The 14-day ADX for Petrel Resources Plc (PET.L) is currently sitting at 41.38.

Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend.

Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages.

Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Narrowing in on Moving Averages, the 200-day for Petrel Resources Plc (PET.L) is at 4.30, the 50-day is 2.67, and the 7-day is resting at 2.61.

The RSI is computed based on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100.

One of the most popular time frames using RSI is the 14-day. The 14-day RSI is presently standing at 20.07, the 7-day sits at 8.04, and the 3-day is resting at 0.38. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R.

The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days.

Petrel Resources Plc (PET.L)’s Williams %R presently stands at -100.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation.

A reading from -80 to -100 would indicate an oversold situation. Typically bull markets are times when investors may be willing to be a bit more speculative with stock selection. Managing risk is generally at the forefront of many strategies.

Investors trying to shift the odds in their favor may be searching for the perfect balance and diversification to help mitigate the risk and enjoy healthier profits. With so many different stocks to choose from, it may take a while to zoom in or a particular set. Investors will also be watching the next wave of economic data to get a better sense of how the overall economy is fairing.

With so much noise in the markets, it may be necessary to narrow the gaze in order to set the table for success.

Investors may be on the lookout for the major catalyst that either keeps the bulls charging into the second half the year, or wakes up the sleeping bears.

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