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lord_ozb

MCX - Looking for an excellent breakout

Long
MULTI COMMODITY EX (NSE:MCX)  
lord_ozb Updated   
NSE:MCX   MULTI COMMODITY EX
Trend Analysis Harmonic Patterns Chart Patterns MCX NIFTY indianstocks Stocks swingtrading
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trendanalysis harmonicpatterns chartpattern mcx nifty indianstocks stocks swingtrading
Watch out for key levels marked in the chart. There is a trendline breakout along with an important horizontal resistance zone. A weekly closing above the zone would launch the price up!

Intraday - Above TL
Swing/Positional - Above horizontal resistance
Comment:
1700. 1st target done.
1800-1900 next
Comment:
2nd target almost done. Trail SL to 1750
Comment:
Follow up chart -
MCX - Can the rally continue?
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