Let's talk about Patience !!This stock on the chart just looks flawless but in reality, it is a stock that will test your patience to at least get 50% returns. Price action wise it shows a very promising setup, in 2021 coming out of a 10 year consolidation and again consolidating for over 3.5 years. It has 50 MA support on monthly and currently looks good for a good returns.
CMP: 9.50
Target 1: 15
Target 2: 20+
Time frame: 0-2 years
Disclaimer: Trade at your own risk
Yearly
Short term Analysis in Nifty !!! Are We really BullishDivergence In Monthly RSI ..
Reversal Pattern on CandleStick
Jan and Feb will decide if we are bullish for next year ..
Previous alltime high is broken But never had a retest
Though some times its not a mandate to have a retest taking the geopolitical issues and escallation of war in Ukrain i do have a feeling there might be something big in future
Coming to the analysis I believe in RSI Divergence very strongly when it comes to Higher time frame There is not much to explain about the ana
MCX giving good opportunity to invest or positional trading.Fundamentally very strong Multi commodity exchange printed a flag and given a very big breakout with volume that is reliable.
MCX is almost debt free.
MCX has delivered good profit growth of 20.31% CAGR over last 5 years
MCX has been maintaining a healthy dividend payout of 65.72%
Flag breakout on weekly time frame
Rsi breakout on daily and weekly charts
Entry range 1550-1650
Targets - 1850 | 2150 | 2660
Targets are based on fibonacci retracement.
Disclaimer: Chart, data and le



