#MCX trading above Resistance of 3056
Next Resistance is at 5182
Support is at 1722
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
Soybean Oil Futures Analysis:
Current Price: $52.71
Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now observable.
Upon closer examination, we identify a change in...
Copper MCX: We're currently witnessing Copper in a range-bound movement, specifically within the 695-720 range. This zone doesn't offer a clear trading opportunity as of now.
To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so...
Fundamentally good stock.
good for long term holding.
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entry:1535/1600
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target-1600-1750-2080
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Analysis of this stock had already posted.
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refer old ideas.
stay for update.
Silver MCX is in a downtrend and could be sold around 70,555. Targets are 68,750 and 67,500. Place a stop-loss above the recent swing high.
Please note that this is just a trading idea and not a financial recommendation. It is crucial to conduct your own research and consider your investment goals and risk tolerance before making any trading decisions.
Potential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short.
Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and...
NSE:MCX has given a very strong move and a big breakout on monthly charts. This breakout should not be ignored. BSE has run up significantly and NSE should list in the next 1-2 years. MCX is the undisputed leader in commodities trading in India. MCX is also fundamentally looking very strong with higher revenue coming in from Options Trading Contract.
Consider a long position in Gold MCX around the current price of 61160.
Initiate 30% of your standard position size.
Add to your position within the 60960-61000 range.
Set a stop loss at 60550 for risk management.
Potential profit targets are at 61380, 61600, and potentially 61800 or higher.
Please note that this is a suggested approach and not financial advice....
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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...
ICOMDEX CRUDE OIL
Timeframe: Monthly
It is the ICOMDEX monthly timeframe chart where the price has started a new impulsive cycle from the low of 1270. The price has broken out 20 & 50 Exponential moving averages. RSI is snowing bullish momentum with a 56.97 level.
Wave formation and Fibonacci relationships:
Wave (2) retraced 38.2% of wave (1).
Wave...
Gold MCX - Short-Term Analysis
Gold is currently trading in a tight range and appears to be hovering around a resistance level. As of now, we advise caution for short-term trading, as the market lacks a clear direction.
Key Levels:
Range: 59660-60260
Additional Resistance: 60330-40
Our strict advice is to refrain from trading in gold at this moment until we...
Stock Name - Multi Commodity Exchange Of India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2100
#This is not Buy and Sell recommendation to any one....
Detailed View about this Breakout:
No.of Resistance: 6
No.of Support: 5
Consolidation Days: 575+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
