MCX Watchlist Idea [Weekly]Adding MCX to watchlist as it recently broke out from a long weekly base of 106 bars, might find support around the same and build a new base once market health improves. Certainly a good candidate to track for now.
MCX trade ideas
MCX AT WEEKLY BEARISH HARMONICSMCX
cmp 2096
closing below 2070 (DCB)
We can short for 1925 / 1830 / 1760
CBSL 2200
Trade Setup-
1) Bearish Shark Pattern
2) Weekly Supply Zone
Regards..
Keshav...
28/09/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
BREAKOUT, MCX, 60% RETURNS!!!BUY - MCX
CMP - Rs. 2049
Target - 1: Rs. 2520
Target - 2: Rs. 2900
Target - 3: Rs. 3265
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Timeframe - 3 months - 8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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MCX - relative outperformance- as the index made a new on 25th Aug, MCX made a higher low, mostly just consolidated on lower volumes
- volume patterns in recent times are extremely bullish, wide range candles on upside, with massive volumes
- volumes on the recent pullback are very low, indicating no institutions are exiting
- low risk entry around 1620, with at 1575, about 2.75%
- chances are high for this trade to not work in current market environment, but risk reward can be really good if this trade works
MCX - Ichimoku BreakoutStock Name - Multi Commodity Exchange Of India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2100
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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MCX - AT resistance - Need to sustainMCX :
Currently at very strong Resistance
Need to sustain 1850-1875 levels for a move towards 2000
MCX - Breakout after 575+ daysDetailed View about this Breakout:
No.of Resistance: 6
No.of Support: 5
Consolidation Days: 575+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
This my 3months investment pic If you follow me earlier then you all know very well our buying range is 1400to1450
And my target is 2000 almost done
Don't jump to buy @ higher levels
Only traling 1900 as a long term stoploss😍
MCX: Weekly Flag BO on cardsA weekly Flag and pole breakout is emaerging on the daily chart of NSE:MCX but still we didnt get the confirmation from the volume perspective. Means we are waiting......................
Common MCX Dikha Do Dunia Ko Hilla DO........
MCX analysis Stock has given BO on daily chart with good volume pop up after retesting earlier BO levels, follow chart for proper support and resistance levels.
MCX Reaching for the StarsOn the Monthly chart, it's walking the upper BB line.
PR has become PS, as indicated by the yellow line.
Great chances of crossing the ATH levels(Rs.2135).
Disclaimer: This analysis is strictly for educational purposes. Please take your own informed decisions before investing your hard earned money.
MCX ,1D formed shooting starNSE:MCX Multi Commodity Exchange of India Ltd is a commodity exchange based in India. It was established in 2003 by the Government of India and is currently based in Mumbai. It is India's largest commodity derivatives exchange.
MCX formed shooting star at daily timeframe (and gave closing below it) on resistance of parallel channel.
Entry : 1796
Target : 1648
SL : 1885
RR : 1.66
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: MCX
🔍 Description: Stock is trading in a Rising Channel so its a BUY on DIPS.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
MCX still not ruled out, after todays fall. C&H pattern possibleMCX still not ruled out, after today's fall. Till the time it remains above the marked pink rectangle zone at 1717, with less volumes in RED candles and higher volumes in GREEN Candles.
Also in TF-W , we can see a pattern forming, which can be assumed as CUP, so a possible HANDLE is in making (on the cards) and it may take some time till we see the correction in NIFTY.
However price moving below 1717 marked rectangle will nullify the analysis.
Lets see whats in store.
MCX - Long MCX looks all set for 1800 levels now. Above 1640, it can go 1700,1740,1800,1900,2000
2000 is my ultimate target. I will hold in cash or future for that target around end of this month.
MCX FORMING CUP AND HANDLEPATTERN-The stock is forming a cup and handle pattern under which the cup is ready and tocuhing the 2012 level will mark the end for it , if the 2012 level is broken the stock can give a rally of 42% and if it faces resistance at 2012 it will make a handle and than take a rebound
TARGET- target for short term will be -2012
target for long term will be - 2878
FUNDAMENTALS- The company is one of the most reliable and effective managment and can yield hefty returns on longer side
Long MCX - Move is ON..NSE:MCX
✅ #MCX - Trading above Resistance of 1634
✅ Next Resistance is at 1772
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MCX seems good for minor termMCX seems good for minor term
concentrate if price sustain above 1800 in dail
MCX TARGET 1957MCX breakout from the strong resistance of 1673 with a strong day and weekly closing. it will reach the target of 1957.
Its time to make long position (SWING)MCX stock given great breakout also with strong volume its time to take swing position with small risk
MCX BULLISH Head and shoulder Pattern
Price 1615
Target 1845
Revenue increase
Net Profit up and down
ROE decreasing
Debt to Equity 0
