targets given in chart above on resistance breakout theory option buys :- 1500ce @ 0.9 1400 ce @ 5.5 disclaimer - trade @ own risk
Buy Mcx At Cmp 1467 Add More If Fall To 1225-1265 (Buy In Bulk) SL - 1170 (Weekly Closing Basis) Target - 3500/4000
Disclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice...
NSE:MCX Observations: 1) On Daily time frame, we can see now it is back to the level range which was earlier working as resistance and it was breakout level. Now it has come to test this and if it sustain and gets support then this range will work as support level. We can see good bounce back and the bullish up move can re-start again. Please refer below...
MCX can be added here for long. Sl below closing of support on weekly closing basis. Volume has been great at breakout.
Major support at 1400 The resistance level at 1800.
#MCX Parallel Channel Breakout SL- 1528 Target- 1800/1875 Disclaimer- For Educational Purpose Only.
NSE:MCX MCX can be bought after it breakouts from its trendline. It is forming a clear triangle pattern and seems bullish in near term.