MULTI COMMODITY EXCHANGE (MCX).... MONOPOLY MCX has monopoly in the commodity exchange segment in India, with a market share of over 92%.
In the weekly chart the script had broken out of resistance trendline (support zone) and is consolidating for one year now.
Good stock to be in one's portfolio at a good price to accumulate.
We can expect at least 70% upward move in the next two years.
Search in ideas for "COMMODITY"
MCX- Commodity Super Cycle beneficiaryFundamental Interest into commodities and the commodity super cycle could have some great consequences for this stock.
flag breakout on the monthly base over a base
deflationary counter measures could be taken by some investors leading to increased exchange interactions for MCX.( reminder business is semi cyclical in nature ,there is a reason why its been a range hopefully there is a reason now to break it).
target and SL is mentioned on the chart .
Gold- long term analysis commodity cycleGold formed a cup and handle prior to the 2004-2011 bull run along with commodities and its repeating the same pattern on the log chart and its currently forming its handle, and close to the lower end of its parallel channel - if the commodity super cycle plays out expect it to go 4X from here by 2028-2030
#gold #commodity #mcx # one can long Gold as per their trade setup for swing trade if find reversal from these harmonic patterns PRZ.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Commodities long term brakeoutcommodities one after other started their bull market.
first and foremost it is gold, commodity king give the brake out, now it making all time highs.
then silver, natural gas, crude oil, zinc, aluminium you name it all are making higher highs.
these bull markets started with supply disruptions because of lockdowns.
but this will further spiral up side because of the inflation cycle.
after long 13 years of bear market in commodities now it started the bull market.
we are yet to witness the bull market in commodities too.
BUY MOTHERSON SUMIBUY MOTHERSON SUMI FUTURES @ 146.6 (CMP 149) WITH SL 145.7 TARGETS 147.4,147.9,148.3,148.7,149.3,150,151