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MCX giving good opportunity to invest or positional trading.
MULTI COMMODITY EXCHANGE
Long
MCX giving good opportunity to invest or positional trading.
By Ashray_G
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Jul 31, 2021
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Jul 31, 2021
Fundamentally very strong Multi commodity exchange printed a flag and given a very big breakout with volume that is reliable.
MCX is almost debt free.
MCX has delivered good profit growth of 20.31% CAGR over last 5 years
MCX has been maintaining a healthy dividend payout of 65.72%
Flag breakout on weekly time frame
Rsi breakout on daily and weekly charts
Entry range 1550-1650
Targets - 1850 | 2150 | 2660
Targets are based on fibonacci retracement.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
breakout
Chart Patterns
Fundamental Analysis
Gold
indianstocks
invesrtor
investing
MCX
positional
Trend Analysis
yearly
Ashray_G
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