MCXAfter a consolidation phase, stock enters into a Safe Zone :)
I see a Long opportunity here. Can go long by entering at 781 with SL placed at 765 for targets towards 800/810/815
MCX trade ideas
Entry @ CMP short for 846 (Intraday)M pattern found can enter @ CMP for target of 846. Price now comfortably trading below trend-line.
#MCX CASH : LOOKS GOOD ABOVE 885.10#MCX CASH
18 JULY 2019
LOOKS GOOD ABOVE 885.10
STOPLOSS 872
TGT 898-900/914/928
CMP 871.15
MCX - EFFECT OF 500% GROWTH IN Q1 NP!!!!MCX HAS CLOSED THE DAY WITH PRICE OF 854 TODAY.
FROM THE 15M CHART, THE PRICE TARGET IS ARRIVED AS 910 IN THE COMING DAYS.
PLACING THE STOP LOSS AT 842, ONE MAY ENTER.
AS THE Q1 RESULTS "The Multi Commodity Exchange has reported a near 500 percent growth in consolidated net at Rs 43.70 crore for the June quarter despite a lower 30 percent jump in total income at Rs 110.84 crore" ARE GOOD TO SUPPORT THE PRICE.
Bullish Gartley - MCX - 4Hr Bullish Gartley - MCX - 4Hr
PRZ: 787-793 (Already in PRZ)
SL: 780
TGT: 800, 810
13-06-2019
#MCX CASH : LOOKS GOOD ABOVE 831#MCX CASH
26 JUNE 2019
LOOKS GOOD ABOVE 831
STOPLOSS 823
TGT 839-840/848/860
CMP 825.50
MCX - Bullish Shark - 2H TFBullish Shark pattern on 2H Chart of MCX. BUY 784-785, SL 779.9. Target(s) - 790, 793.
I started learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
Continuation Move - UpMCX seems to have completed its consolidation in the lower time frame and is probably heading higher to retest the recent highs, mentioned in the chart. My view is that this is just a short term trade probably a few days and not for investing, yet . Risk/ reward from current levels to target seems to be good.
MCX - Bullish Bat - 2H TFBullish Bat pattern on 2H Chart of MCX. BUY 805-808.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.
#MCX CASH : STRONG SUPPORT AT 800#MCX CASH
23 MAY 2019
STRONG SUPPORT 800
SUSTAIN BELOW 800.. WILL TO 775-780
CMP 810
MCX- Bullish Gartley - 4H TFBullish Gartley pattern on 4H Chart of MCX . BUY around 790-792.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL levels, which I'll be posting when I get proficient enough to.
#MCX CASH : LOOK WEAK BELOW 800#MCX CASH
15 MAY 2019
GOOD SELL ONLY BELOW 800
STOPLOSS 810
TGT 792.50/782/772
CMP 815.4
Bullish Bat/Alt Bat - MCX - 4hr Bullish Bat/Alt Bat - MCX - 4hr
PRZ: 800-810/878-882
SL: 790/766
TGT: 815, 825/800, 812
14-05-2019
WEEKLY || SELL || MCXSell MCX on rise with SL of 879 and targets of 830/821. Adjust volumes as per entry price and respect your stop loss.
MCX* On the daily chart stock price has decisively broken out from its multiple resistance zone and symmetrical triangle on closing basis and sustaining above the same.
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead.
* The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price is sustaining well above its 20,50 and 100 day SMA which supports bullish sentiments ahead.
* The above analysis indicate an upside of 873 - 889 with stop 808
#Findyourtrade
MCX : Log Scale Breakout with VolumeMCX is on the verge of breakout on log scale. Today's close above 835 would be the confirmation of breakout. Volume is increasing in last few days and today's volume has crossed last 20-25 sessions daily volume. 833.40 is a resistance zone from it had corrected last time. Stop loss of buy would be 760 for 1st target of 920. However, log scale breakout is a major event on long term chart and we can see it as a trend reversal point.
Our Take :Buy only on daily close above 835 with stop loss below 760 and hold for 12-18 months.
MCX: Buy at 833.90 SL 810 Target 896.70MCX is in an uptrend and recently broke out its range. Buy MCX in CASH market at 833.90
Stop-loss of 810 and Target of 896.70
#MCX#BoxBO
Target: 874.65 / 901
Duration: 3 weeks
CCI crosses 100
CCI(W) > 100
TGC
Strength Candle
Volume support
Reversal
