Bullish flag formation in polyplex with MACD line crossing over Signal line. It's a buy call from me, with a short term target of 800 and a long term target of 1000. you can put an SL at the support that is 644.
MCX which is Multi Commodity Exchange is trading above all time high of 1600.
The previous all time resistance of 1600 was broken and currently it is trading at 1636 levels.
We can buy this stock at these levels and wait, keep a stop loss of 1460.
We are looking at weekly chart so our investment horizon will be for 3 months to 12 months.
** ideas are of my own...
HDFC - CMP - ₹1724 Dt. - 18-09-2020
On a daily chart, you can notice that the stock is moving in the range from June first week. Red lines are marked to show the range. If you noticed the price has so many times touched the below red line and changed its direction and vice versa. But the stock has tried to break the upper red line which is acting as resistance...
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