Traders could short mcx with above mentioned targets. If gap down, dont short immediately.
Stock has been facing resistance from trendline; also on Weekly chart stock has failed to cross RSI 60 for past 18 months; If market sentiments remain week tomorrow as NIFTY is also facing resistance at 11,400. MCX should see a sharp fall SL 890 - 1st target 846 Risk - 1) News on merger with NSE 2) MCX has been showing strong volume so quaterly results were...
Short: 822 CBSL: 847 Target: 772 It has made a Doji in the supply zone, Short if the previous candle is broken.
MCX looking weak on charts and looking to go further downwards . Earnings of MCX were bad and Q1 profit declined by 72 % .Short position on MCX can be taken taken once it breaks 790 with a stop loss of 820 .
#MCX CASH (18 JULY 2018) LOOKS WEAK BELOW 800 STOPLOSS 812 TARGET 790-792/782/772 CMP 810
Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. 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...
MCX has gained 5% of NSE with thrice its average volumes Kijung and Tanken above ichimoku cloud and stock trading above all of these with positive bias. Seems to be heading towards 895. Buy MCX on NSE around 833 with Stop-loss of 797 and Target of 895
MCX - trying to break out from downtrend channel. Can rally/ outperform mkts
Hopefully bulls may protect 700
Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
Pls see the chart. Indicators are slowly turning to positive. Can expect the target range in mid term Vijayaraghavan, Kovilpatti.
MCX is in downtrend & going to break 52 week low. Breaks below 665(52 week low)-664, Short for the trend support around 620 or keep trail SL. This is my view. Please do your our analysis before trading. Thanks Chandru
NSE:MCX BSE:MCX This analysis is not time dependent 1.A bullish cypher in formation of the CD downleg 2.The fibo wedge arc 1.618 also points to limitation of the downtrend 3.The downtrend is expected to halt that the weekly support S2 4. the bullish cypher is expected to push the prices up and the initial targets are mentioned according to 0.618DC of the cypher...
After clear down trend MCX is showing some support and bullish signs Buy on dips with target 895~900
Bounced off 61.8% fib retracement of the entire move from 230s to 1400+ , RSI took trend support. Go long
would probably go long at these levels keeping a strict sl @ 710 !!!!
** Investment bet cmp 790 | SL 10% - Downward sloping trend channel -Oversold on RSI (weekly)