MCX COTTON CANDY - TRADE IDEA ON LONG SIDE

Updated
Symbol - COTTONCNDY1!

COTTONCNDY1! is currently trading at 55800

I'm seeing a trading opportunity on buy side.

Buying COTTONCNDY1! Futures at CMP 55800

I will add more quantity at 55000, If comes. Holding with SL 54200

Targets I'm expecting are 57150 - 58200 & 59200





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active
CMP 56100

It opened gap down in pre open & moved up right after.
Added more quantity at 55000. Avg Buy price is 55400
Long position still active with CTC SL.
Trade closed manually
Not moving as per expectation so closing at 55890.

Closing with 500 rupees profit.
cottoncandycottoncandyfuturesfuturestradinglongtradesetupMCXmcx_commoditymcxfuturesSupply and DemandSupport and ResistanceswingtradeTrend Analysis

Also on:

Disclaimer