MCX - Bullish Breakout Opportunity (Daily Timeframe)Stock: MCX ( NSE:MCX )
Trend: Bullish Momentum Building 🚀
Risk-Reward Ratio: 1:3 (Favorable Setup)
Trade Parameters
🎯 Entry Zone: ₹6,200 (Breakout Confirmation)
🛑 Stop Loss: ₹5,531 (Daily Closing Basis) (~10.8% Risk)
🎯 Target Levels:
₹6,515.65
₹6,852.60
₹7,160.00
₹7,479.80
₹7,854.20
₹8,200 (Final Target)
Technical Rationale
✅ Bullish Flag Breakout - Price has broken out from consolidation pattern
✅ Strong Momentum - Daily & Weekly RSI >60 (Bullish territory)
✅ Volume Confirmation - Breakout volume 868K vs previous day's 571K (~52% increase)
✅ Technical Structure - Higher highs and higher lows formation
Key Observations
• The breakout comes with significantly higher volume
• Multiple targets allow for progressive profit booking
• Attractive 1:3 risk-reward ratio
• Strong technical structure supporting bullish case
Trade Management Strategy
• Consider partial profit booking at each target level
• Move stop loss to breakeven after Target 1 is achieved
• Trail stop loss to protect profits as price progresses
• Watch for volume confirmation on upside moves
Disclaimer ⚠️
This analysis is strictly for educational purposes and should not be construed as investment advice. Trading in financial markets involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. The author assumes no responsibility for any trading losses that may occur from using this information.
What do you think? Are you watching this breakout on NSE:MCX ? Share your views in the comments!
Bulishtrend
Crude oil Range bond (6900-7500) ****************************************************************************************************
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* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Crude oil bullish till 7500 (rangebound 6900-7500) my buying price around 6850-7000-7100
Stop loss will be buy at hammer at support with Stop loss of same candle
I will kept my order selling order around 7500 -7550-7600 same stop loss will be inverted hammer candle or any bearish candle.
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Trading_Cafe24
Thank you :)
intraday, swing, short term; min 70% returnstrendline break and retracement also completed
it is good sign for further up move
keep stoploss
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food sector is always good for investment, during week global markets
smallcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
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. more than that " megastar food "is fundamentally good
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.refer our old idea attached below