[Swing Trade] MCXMCX formed a promising pattern. Volume building up slowly. Let's wait for BO and some retracement.
DYOR before you invest. This is not a reco
MCX trade ideas
MCX (4HR)MCX (4HR)
CMP 3880
Near resistance
Volume increasing
4 hour candle close above 3900 can lead above marked targets
MCX FORMING PARALLEL CHANNEL LOOKS GOOD FOR A SWINGThe stock has entered into consolidation phase after a prolonged rally and now is forming a parallel channel
TARGET 4469
WITHIN 3-6 WEEKS
MCXMCX
Buy above 4146.
Stoploss 4046
Target 4212,4270
MCX if opens above 4146 will get to the above targets of 4212 and 4270, and if opens at or near 4040 and take support will reach the same targets.
It will get weak only if opens below 4040 and keeps falling
mcx from shooting star at topmcx india forms shooting star candle at top lets see on Monday to find opportunity for short
[Swing Trade] MCX 4020MCX seems to have cup and handle breakout, let's wait for good volume buildup, retest. I will buy once i see the above two conditions. I don't recommend others to trade on my view.
MCX READY FOR NEW RANGESThe stock has formed inverse head and shoulder pattern on hourly timeframe moreover this pattern has been formed after a pretty long rally which also can be called as exhaustion phase which enhances further reliability in the stock for short term the stock can be bought it can fly till the 4600 levels
MCX Long 37326 days consolidation breakout
along with trendline and ST breakout
Can hit 50DC again
SL 3528 1st Tgt 3936
MCX waiting for the breakoutMCX seems long consolidation in daily
impulse move breakout may happen and double bottom forms
concentrate if price sustain above 4000
Tl bo and ready for ath bo Stock has given good tl breakout and expected ath breakout also
And fundamental very strong stock with monopoly business
Good for long
Only for educational purpose
Bot for sugesstion
MCX FORMING BREAKING OUT FROM ROUNDING BOTTOMThe stock has broken out from a long year rounding bottom pattern moreover is has broken with good volumes and during past few days it has resisted and major retracement which increases faith in the stock the stock can reach 3000 as fundamentals are also supported with the price pattern
MCX can fall till 3000 sell trade given from 3500On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
MCX Looking StrongEducation Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Strong Breakout..
Good Volume...
Bullish..
Multi Commodity Exchange of India LtdThe company is working on launching new products, including steel TMT bars and electricity derivatives
Increase in Net Profit
Increase in Sales
Increase in Operating Margin
MCX - SWING TRADE - 16th January #stocksMCX (1D TF)
Swing Trade Analysis given on 16th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike Buildup at Resistance - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #MCX
mcx buyBuy at cmp to 3040
sl close bewlo 3030
easy tg - 3100
tg2 - 3125
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Chart pattern for MCXA symmetrical triangle chart pattern is a technical analysis pattern formed by converging trendlines, creating a triangle-like shape. It typically signifies a period of consolidation or indecision in the market, with decreasing price volatility.
mcx for intradaymcx creating a bullish price action making higher low create same resistance for intraday if break resistance it will go up #support resistance
note: only for educational purpose
MCX: A third wave advanceStock is rising in an impulsive manner of which 3rd is currently unfolding. Price are likely to continue it's uptrend towards 2900 and later 3500 in the coming months. On the downside Key level is 1700 which is the invalidation level.
Resistance Breakout - MCXPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
MCX rising to 4000 levelClear buy like BSE, previous high crossed with good volume on yearly chart, shows value buying at this level, uptrend may remain for next to months, so can also invest at this level .....good stock for long term for next 20 years ........
