MCX One can go long for target of 1150, 1180. If breaks down can target 1050, 1020.
MCX has broken out of 7 month long trendline with volume and also an important resistance zone. It is good buy at CMP 1166 with a Stop Loss of 1120 with a target of 1240, 1290
MCX BOUNCE FROM SUPPORT PLEASE SEE THE CHART FOR MORE
Everything mentioned on chart... Note: Do your own study before making any position... Best Wishes For Guru Purnima, Regards Akshat Patwa
MCX Reached its demand Zone with Critical Support Near. Accumulate this stock for a 2 Years target of 1500 Positional Bet hence accumulate. Risky Traders can also buy this now with Small SL.
NSE:MCX Buy Range - Rs940 to Rs980 StopLoss - Rs840 Target 1 - Rs1265 Target 2 - Rs1542 Time - 6 Months
If you observe , the stock reacted well to this price level in the past. In the left, you'll see that it immediately reversed but in the right, it's failing to sustain above it. Now, in the present, we have got 2 very strong bearish bars indicating selling pressure. In May, I expect more downfall.
Let us hope it will recover to above Tl. if not we may see 980 again This is the old post :
Currently MCX is at 1163; formed a rounding bottom pattern also trying to breach the falling trend line. RSI and MACD giving hints to add fresh longs in this counter with stop at 1130 target could be 1240/1300++
Nothing to worry, the said support is protecting and, now it is moving to the target 1400.
Start Accumulating MCX. Buy 50% now and add rest if it dips in highlighted area. Sl 999 Target 1400/1600 ++++++++ Time Frame 6 to 12 Months.
MCX ₹1113 is trading near to an year long bottom trend line support. Major trend line support and the next pivot low ₹925 is almost matching & will have a strong support. Next Resistance will have at ₹1400, on crossing that MCX can find new high. support:1086 and strict stop 925 Our only electronics commodities exchange trade on future contracts of 49...
@meqazi2020 MCX 1089 Is trading in a symmetrical triangle having a minor support at current level 1085And major support at blue TL around 950
MCX will give a short breakout Below 1238.30 it can go to level Downside level till- 1225/1216/1205 Upside safe line- 1250