MCX trade ideas
MCX a BUY worthy BO (Mid to long term, could be added on dips)Chart is on the similar lines of NSE:ABBOTINDIA chart I had published few days ago.
Its a clean and clear pattern, and the Breakout is quite conclusive. Volume is yet missing, should pick up soon.
MID-LONG term buy potential with add on dips
MCXGood for Swing trade. ~1420 level was once resistance now acting as support. Good Risk to Reward.
Short on riseShort in range 1550-1600 sl 1634 for tgt of 1250. Just a view better seek professional advice.
MCX BouncebackLooks like MCX can give a good bounceback. Coming out of support zone with volumes.
Disclaimer - Do your own analysis before trading.
MCX DIP OVER?What are your thoughts let me know in comments.
01. on a Multi support level.
02. new volumes are coming.
03. MACD Bullish Crossover
04. Good Fundamentals
05. For educational purpose only
MCX looking bullish at the channel supportMCX is giving bullish divergence with RSI as well as looking at a reversal at the channel support. The stock looks bullish here. Small long can be initiated with further position building above 1600.
BONUS // DAILY SWING CALL // Wed 6th of January 2021 // MCXBONUS // DAILY SWING CALL // Wednesday 6th of January 2021 // NSE:MCX
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1768.35
TARGET: 2033 (15% Around)
STOP LOSS: 1590 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks
MCX - Bullish reversal from supportNote: This is for educational purpose only.
There seems to be a bullish reversal from trendline support which coincides with 200 moving average. Moreover, the reversal volume matches with the selling volume which mean demand is more at support. Hence, the current bullish candle engulfs the large bearish candle. There seems to be a RSI breakout as well.
SL: 1445₹
MCX - Morning Star Candlestick Pattern foundMCX Buy Above 1565
Stop Loss Below 1480
Target Level 1 1680
Target Level 2 1790
head and shoulder pattern in MCX NSEMCX share is showing head and shoulder pattern so price is gonna fall
