MCX trade ideas
MCX - Bullish Cypher - 4H TFBullish Cypher pattern on 4H chart of MCX. BUY around 774.
I just started learning harmonics, so I'm not sure about giving out Target(s) and SL as of now.
MCX : Wait for trend reversal on log scaleWeekly chart is showing reversal on nomral chart as the price has broken out of falling trend line with volume and moving average cross over (13 EMA crossed 26 EMA to upside). Log scale is showing that price has still not broken out of falling trendline and counter has reversed from the resistance line. 834 stand as a major resistance which must be observed to confirm that counter has started upmove for a longer term. Daily close above 834 would be positive for levels of 930 and 1100 but till the time long term investor should wait and watch
Short Term Investment Pick : MCXMCX is on date of change. Bearish Engulfing reflecting the same view. Expect price to drop from here. Accumulate on PRZ if shows Bullish Evidence, or Momentum Indecision.
Will Update the Target for Short Term once Trade is Active.
MCX bottomingFor those who want to do bottom fishing MCX has now clearly shown bottom at about 650 Level.
Buy on dips recommended
[Intraday] MCX Doji Short TradeDoji
Short below 768.80, SL PDH
PDH = 785.45
If gap up or down, follow 5m ORB.
[Intraday] MCX Weekend lvl 9 Bounce from 700 lvl + Inside BarWeekend lvl 9 + Inside Bar
Has been continuously falling from past 9 days and today made an inside bar with a green candle. Also it is bouncing from 700 lvls which is acting as support.
Long above 712.95, SL PDL
If gap up or down, follow 5m ORB.
[Intraday] BOunce from ~700 lvl + weekend lvl 9 MCXHas been falling the past 9 days, with the first green candle today. hasnt broken PDH in the past 8 days,
Long only if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH 715.95
PDL 703.75
#MCX CASH : ASCENDING TRAINGLE - GOOD SELL BELOW 729#MCX CASH
01 JAN 2019
ASCENDING TRAINGLE FORMATION...
GOOD SELL BELOW 729 SL 736 TGT 723/718/712
CMP 735
Sell MCXNO1 Rocket Trader
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Range Breakout in MCX Mcx NSE:MCX has broken out from a trading range there is a minor throwback, one can buy at current price with stoploss of 730 on closing basis for targets of 780-800+, current price is around 737 so risk:reward looks great
Volatility Squeeze Setup.I've observed nice trade setup. One can trade/invest the stock now with SL of 698 for a good reward.
Bollinger Bands Squeeze is a powerful yet simple trade setup. One can identify the Squeeze when bandwidth is at around 6 months low. One can enter the trade when price starts trading out of the band. Mostly this setup rewards the trader nicely as one enter the trade early with small stop loss of one candle/Bar and ride the swing. The stock has given the breakout so one can trade it. Please note that sometimes stock gives a fake breakout just to shake the traders in that case one should reverse the trade and continue with that direction.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
#MCX CASH : GOOD SUPPORT 720-725 TGT 785#MCX CASH
03 DEC 2018
GOOD SUPPORT @ 720-725
EXPECTED TGT 785-790
MCX gone now, Positional Target 400 activatedMCX Positional sell at 711, stop loss 900, carry for 4-7 months, Target 400. If any Investment then exit.
MCX Inside bar Tradebuy if it breaks PDH with stoploss at PDL
sell if it breaks PDL with a stoploss at PDH
