GOLDPETAL | Looks good for 160+ points CMP : 4750 SL : 4680 Target : 4900 Almost 1:4 risk reward setup
On Base of my idea to sell international gold I recommend Sell Gold @ CMP 47444 tgt is 47222-47111-47000-46909 on MCX sell gold @ 1777 sith sl 1783 tgt 1763 or below trend show delince patteren with start moving up on if it cross 1788
SILVER was trading under the Resistance trendline since mid May (shown in black in chart), but today it gave a breakthrough opening in the morning on MCX. If it closes above 63800, then we can make a long position in current contract for a major profit. LOGN SILVER @ 64800. Silver has a major resistance at ₹ 65800, if it gives a closing above this level, then...
Copper has broken its support of 790 which is signal of short call. Sell Copper at 793 for a target of 785.
MCX bulldex is moving in uptrend in a parallel channel pattern. so Buy on Dip and Sell on Rise for a simple 60 to 80 points profit. 1 point = ₹50 x number of lots
Trading near resistance and showing the signs of reversal. Keep this in your watchlist and Go long If it breaks upward and Go short if it takes rejection. My view is bullish for now so I'm not providing the short path
MCXCOMPDEX, MCX Commodities composite index has broken out of its long term Head & Shoulders pattern indicating strength in commodities. If this breakout continues, we can expect prices of major commodities (gold, silver, crude, copper etc.) to give good up side in coming weeks and months.
MCX gave a good breakout with decent volume and good potential for the long side. Buy- CMP Target- 2066, 2100 SL- Buy on dips.
Gold on MCX is very bullish this month. Since October 1st, Gold rallied from ₹ 45800 to ₹ 47800 today on MCX. Gold has a major support at 47850. Currently Gold is trading around 47800 Conclusion If you are a trader then you can have a short term short call in Gold, target can be seen upto ₹ 47400. Make a strict stop loss of ₹ 47880
TECHNICAL ANALYSIS In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December. Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021. Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in...
Inverted Head and Shoulder formation clearly visible. On the verge of breaking out of the channel.
MCX can be added here for long. Sl below closing of support on weekly closing basis. Volume has been great at breakout.
Metal index may open Gapup for 1 more day but anyhow it will have to come down so Shorting may be beneficial for short term
MCX has broken out of its rectangular channel resistance zone of 1900 on the daily chart. The candle formed is a Doji at very high volume. The break out signals are not very clear yet and therefore be wary of buying at the breakout yet. Better to wait for a pullback and buy at continuation.
Silver MCX looks promising at this level After several attempt to break trend-line it is once again at the level, RSI crossing 50 levels If breakout occurs and stays above the Resistance we may see level around 63100-64800. However if failed, reversal happens from this level! then nearest support will be around 59950-58890. Thanks
The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. ... Basically, the short-term average trends up faster than the long-term average, until they cross.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
This is follow-up on MCX. Can check link to related ideas. Target 1 achieved. More than 15%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...