padiyaraa
Long

MCX:846 strong support at 833

NSE:MCX   MULTI COMMODITY EX
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16
304 8
Call for a long investment with a stop 833.
My beloved friends and followers.
I am with you always but, lil busy these days.
please bear with me for some time.
Comment: The above a previous chart, only difference is the
Pink line are added new to show the positive divergence in indicators
Comment: @sunpah68, 725 is a strong pivot support.
But I strongly believe that MCX will
make Utrurn before reaching this level.
if it going to make this level it will be around April last week.
Comment: A double bottom support too failed.
Another Blue trend line support drawn with out showing any value,supporting around 640 now, may reduce further as the days passes through. Indicators are weak, but in an oversold state.I am keenly waiting for any kind of signal or divergence in indicator, to make an entry in to the stock.
Yes Sir good stock but in downtrend. Accumulating at lower levels but only for long term.
Reply
padiyaraa sunpah68
@sunpah68, Hi
Really yes, Not support will work in down trend.
The latest result was so disappointing is the reason now,
the stock turned to bearish, breaking all the support line,
It will recover in due course.
Reply
Thanks for your reply Sir.. Appreciate your efforts for small investors like us... Thanks once again..
Reply
Sir,
Any near term support for MCX as it has broken 833.
Reply
padiyaraa sunpah68
@sunpah68,
725 is a strong pivot support.
But I strongly believe that MCX will
make Utrurn before reaching this level.
if it going to make this level it will be around April last week.

Reply
thanks
Reply
padiyaraa meqazi2020
@meqazi2020, welcome my dear Quazi.
so haaapy to to meet you. call 82441
Reply
padiyaraa meqazi2020
@meqazi2020, thanks
Reply
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