If it breaks out of the Pink TL, please wait for confirmation before entering as it might go down to the levels specified on the chart.
Happy trading.. details are for Intra-day traders, and swing traders.
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SL at BE today.
Here is my latest update on it :
If you are a long term investor in MCX. Then do not worry, as it has a huge divergence on D, 4H - and it has to go up after a certain fall.
If you see the present structure too.. the fall is a B wave which is always a very complex wave and no one can make any forecast as to where it can stop and when.
However, from here there are two possible options.. one is that it can go down to 790-800 levels also as there is no divergence of 1H, hence one more fall from here cannot be ruled out.
Below are the three possible options from here..