MCX Ltd - 02.09.2022 The stock is trading @ 1277 levels The PRICES ARE BELOW EMA There is a MACD BULLISH DIVERGENCE in Daily Chart There is a STOCHASTIC BULLISH DIVERGENCE in Daily Chart There is a RESISTANCE @ 1291 levels RSI needs a BREAKOUT in Weekly Chart Watch out for the price action
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...
NSE:MCX Observations: 1) On daily Time frame, it has given breakout of rounding bottom pattern. Breakout level range is 1585-1586. Nearest resistance level is 1600 level. Please refer below chart : Daily time frame. 2)On Daily Time frame we can see that it has broken 100DMA and 200DMA with bullish candle. Please refer below chart : Daily time frame....
NSE:MCX Observations: 1) On Daily time frame it is already trading below 200DMA. Please refer below chart : daily time frame. 2) On Daily time frame it has taken reversal from it's critical support 1455 level range and also closed above 400DMA. It shows the strength will come in stock to get bullish now. Please refer below chart : daily time frame. ...