MCX trade ideas
Result Looks Negative in MCXAs per OI Data Looks Like MCX will miss Market Estimate so if you are Ready to take Risk then go with Option Buying.
Buy MCX 1620 PE July
Buy Near 15, SL 9, target 25,30
Investment - 6000
Maximum Loss - 2400
Profit Upto = 6000
Only For Educational Purpose.
MCX Looks BearishResult Base MCX Looks Bearish if anyone is ready to take Risk can Go with Option PE.
Buy MCX 1580 PE July near 10-11
stop Loss - 6
Target 20,25,30
Only For Educational Purpose.
MCX - Weekly AnalysisIn the Weekly Chart of MCX ,
we can see that; it has got multiple rejections at 1600 and 1650 levels.
we can take a ]trade at 1600 with SL as 1550.
Expected momentums and Targets are shown in chart.
multi commodity ex: min 30%, swing tradingDon't be aggressive
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if there is possibility for bullish
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entry:1505/1600
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target-1600-1750-2080
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entry once after, market again came to retracement for 1500.
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refer old ideas.
stay for update.
MCX - Amazing W pattern BrekoutMCX has given massive breakout today. Above today's high 1520, it will go 1560,1600,1640,1700.
63 Moons zooms 52% in 5 days 63 Moons zooms 52% in 5 days as MCX extends support service for 6 months
Meanwhile, shares of MCX slipped 12 per cent to Rs 1,437 on the BSE.
Shares of 63 Moons Technologies hit a fresh 52-week high of Rs 256.20, as they rallied 18 per cent on the BSE in Friday's intra-day trade after Multi Commodity Exchange of India Ltd (MCX) once again extended the software support contract with the company for a quarterly fee of Rs 125 crore. In past five trading days, the stock has zoomed 52 per cent.
"We have once again agreed to the eleventh-hour request by MCX, which according to MCX is for the 'last time' for one more time. This new arrangement of Software Support Service will be from commencing from 1st July 2023 to 31st December 2023 (both days inclusive)," 63 Moons Technologies said in an exchange filing. The company is also the founder and former promoter of the bourse.
MCX for 1700 LONG!Attached: MCX Daily Chart as of 21st June 2023
Price has a Pending Upside Target of 1700 as per the Inverted Head & Shoulder Breakout
So far the Price has been rallying in a Channelized manner and respecting the Moving Averages
Today Price resumed its Up Move breaking out for 3-4 day consolidation
And so the Journey up to 1700 shall resume from here
Holding 1560 as Stop Loss
Upside Target = 1700
MCX LOOKS GOODMulti commodity exchange looks good by breaking a parallel channel resistance and gives a breakout so we can consider to go long in this stock for the target of 1481 and 1519 with taking a stop loss of below 1400 daily close.
MCX FLAG POLE After results shock buyers supported the price and looks confident for higher prices. On 15 min chart pole flag pole is in formation suggesting BUY for 1650 Targets can buy near breakout.
MCX - Weekly AnalysisIn the Weekly Chart of MCX ,
we can see that; after the Multiple failure of Cup & Handle Pattern,
It has now given a strong breakout with 3 White Soldiers Candle Pattern.
Let it retest the trendline then Enter with SL.
MCX triangle pattern breakout in the upper trend lineMCX gave breakout on the upper side. Looks good for go long.
My First target will be 1530. Second target is 1630
Good buy above breakoutBuy above 1500, SL target mentioned. Will move SL to cost once it gets in favor.
MCX - Chart Pattern Observation 3Candlestick Chart Pattern - Shooting Star
Relevance - It is a reversal pattern after a bullish/bearish momentum gets exhausted in the market.
The above chart is for observation and learning purposes only.
MCXMCX is trading at multiple strong support zone of 1367-1365.
As long as it stays above these levels,
Its a buy with mentioned stoploss & targets,
MCXmcx is near vey important key level , any down move could drag it towards 1245 . keep an eye view negated above 1430.
MCX chart studyMCX SPOT CMP 1380
240 mins time frame.
Chart pattern study.
Symmetrical triangle pattern fromation.
Breakdown confirmed around 1440-1450 levels.
Descending triangle pattern formation, demand zone around 1340-1350 levels.
Need confirmation around this demand zone.
Either reversal or either break down would lead to fresh journey for the counter.
This will be conditional view.
MCXMCX broke out of descending channel with decent volumes on an hourly TF.
Risk:Reward in this trade is very much in favour of bulls.
Could be bought with mentioned stoploss & mammoth target.
[N] Cases of False Breakouts and Minor BreakdownsNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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MCXMCX trading on crucial level of 1495 which turned resistance from support & its breaking above tht level with good volumes.
Could be bought with mentioned stoploss & target.
