MCX, CONFLUENCE OF INV HEAD & SHOULDER, FIBO & RESISTANCE AREA

MCX has following multiple factors which might push this stock up if this breaches 1751
1. Fibo 78.6% breakout
2. Long term resistance area around 1745-1750
3. Inv Head & Shoulder formation.

If stays above 1750-55 tomorrow, then can move to 1800 & 1820 zone.

Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.

Thanks
Piyush Gupta
Learn & Earn