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MCX

Gold $ International Chart (Bird View)Analysis On 14th December 2022 This is a Bird View so Possible Movement of Gold in a Daily TF for a Medium-term view. >Wave Counts - Recently, Gold has just reached to Depth of Correction point in Minute Cycle of Wave Count , while in an Intermediate Cycle, it seems like Wave C is still on. Furthermore, Last month's upward journey is still not break 50% (Healthy Retracement) of retracement compared to top of B wave (Intermediate Cycle). (Bearish) Divergences - There is multiple divergences, we can see in above chart, 1. Bearish Continuous Divergence between 2nd wave and C wave within the C wave (Intermediate Cycle). (Bearish) 2. Bearish Reversal Divergence in Wave C (Minute Cycle), Where some sort of Upward Triangle Chart Pattern Has Formed. (Bearish) After all, I expect one more downside leg which is 5th wave in Minor Cycle, till Depth of Correction in Intermediate cycle of 4th Wave (1451.41 $) Have a Good Day!!
TVC:GOLDShort
by KRSCharts
2
NG (MCX): Week of - 26/12/2022Levels: Support: 430, 400, 380, 350 Resistance: 450, 500-520, 550 OI Data (23rd Jan Expiry): Nearest Major Resistance in Crude per OI data: 450 Nearest Major Support in Crude per IO data: 400 Trade setup: 1. Looking at the OI data, most likely range-round is: 400-500 +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 460 | 425 | 500| 525 ----------------------------------------- SELL | < 400 | 425 | 380 |350 +++++++++++++++++++++++++++++++++++++++++
MCX:NATURALGAS1!Short
by pradipandsuvra
Crude Oil (MCX): Monday - 26/12/22Levels: Support: 6600-6650, 6500, 6475, 6375 Resistance: 6775, 6850, 7000 OI Data (17th Jan Expiry): Nearest Major Resistance in Crude per OI data: 6500 Nearest Major Support in Crude per IO data: 6500 Trade setup: Trade setup: 1. Looking at the OI data, most crutial range is: 6500 +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 6700 | 6650 | 6775| 6825 ----------------------------------------- SELL | < 6600 | 6650 | 6550 |6500 +++++++++++++++++++++++++++++++++++++++++
MCX:CRUDEOIL1!Long
by pradipandsuvra
MCXMCX:- The stock has gone to test its important level, if this level breaks, we can make a catch plan, but if the stock hits 1564.85 , If it comes below level then the stock will become weak. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MCXLong
by AjayDhakad_Keep_it_simple
Natural Gas (MCX): Week of 05/12/2022In Hourly chart, MCX Natural Gas (NG) is showing a positive divergence. It's clear. The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum. Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms). Trade Plan: Expecting price will bounce back from CMP upto 560. Then will again retest this 550-535 zone and may consolidate there. Trade: Buy zone: On breakout of 560, SL: 540, T: 600 Sell zone: On breakdown of 530, SL: 550, T: 500
MCX:NATURALGAS1!Long
by pradipandsuvra
Crude Oil (MCX): Monday - 05/12/22Levels: Support: 6500, 6350, 6250, 6050 Resistance: 6650, 6780 OI Data (15th Dec Expiry): Nearest Major Resistance in Crude per OI data: 6600 (2.3K), 6700 (2.5K) Nearest Major Support in Crude per IO data: 6500 (2.4K), 6400 (2K) Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). Trade: 1. Looking at the OI data, it's going to be range bound : 6400-6700 2. So from OI perspective, this Option Strategy shall work for 15th Dec Expiry: Strategy: Iron Condor (range bound) BUY Call 7000, BUY Put 6100 SELL Call 6900, SELL Put 6200 All Dec-15 Expiry.
MCX:CRUDEOIL1!
by pradipandsuvra