MCX Swing trade with a lot of confluences. for NSE:MCX by nandodeomkar

trendanalysis chartpattern indicator mcx commodity swingtrading nifty indianstocks indianmarket indianmarkets indianstockmarket

As you can see in the chart - stock has given a breakout with increased volumes.
23.6% fib level from the previous swing is also near the retest level.
At the retest look for massive rejections of lower levels or double bottoms or inverse head and shoulders.

MCX

Comment:

MCX Q1 : Net Profit UP 3.5 % To Rs 39.8 cr (QOQ), down 30 % YOY

Revenue Down 9.5 % to Rs 87.6 cr QOQ, Up 20 % YOY

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