MCX trade ideas
#MCX LOOKING GOOD. ADD YOUR ANALYSIS TOO.Concentrate mcx for swing trading with proper risk reward and money management.
Multi Commodity Exchange LTDMCX LTD. has given breakout target and stoploss are given above.
please note- i am not sebi registered advisor . please consult your financial advisor before taking any position
MCX LTD: BREAKOUT Mcx ltd looking bullish above 1315
multiple resistance break
can enter for 2% target
always trade with stoploss
MCX BO !!NSE:MCX
#NSE:MCX trading @ Resistance and given BO, Sustainability above the level may show good momentum.
SL 1430
MCX Cmp 1495 dated 25-10-2022 RECTANGLE BOMCX Cmp 1495 dated 25-10-2022
1. Bullish Katana Candle
2. Rectangle Pattern BO above 1501
2. Volume Rise
3. RSI BO
Buy above 1501 for target 1540-1610-1665-1715-1790-1850 SL 1385
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
MCX- Descending Triangle Pattern1. Descending Channel pattern formation with strong Diagonal Resistance Line
2. Breakaway gap with strong volume and price
3. Next Resistance near the 1650-1850
4. Support near the 1375-1430
MCX - Ichimoku Bullish Breakout Stock 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 1502.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
ZOOM CANDIDATE MCX is looking good on daily chart breaking falling trendline and closed above successfully followed by 20 days moving average which finally managed to closed above on it after many sessions and the RSI indicator is giving a positive divergence signals too which is looking coming bullishness in this stock.
Cause of long-:
1- Falling resistance breakout.
2- RSI positive divergence nd breakout.
3- 20 days moving average breakout.
MCX | ChaiwithAnoop | InvestingLong ON MCX
Support from 200 Moving Average.
Channel breakout.
Mutliple Consolidation.
#MCX Harmonic update#MCX Harmonic worked perfectly
it's closed near to previous support
which will act as resistance
It's time to book profit
CMP:1495 @ 25 October 2022
Watchout for range breakoutThe stock is trying to break it's 9 month old range. Buy above 1500 level (day closing basis) for positional 8-10% further upmove.
Learn & Earn,
Dr. Tanya Kumar
Channel Breakout in MCXFrom past few months stock has been trading in a channel. Finally it has broken from its previous resistance with significant volume.
Also, recent quarter results were good. we can expect a good upside move from current levels.
At this price risk reward is not attractive. So, it is better to wait for retest near 1435-1400 levels.
Maintain strict stop loss at 1290.
All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:MCX
MCX MCX has came out of range bound area.
It will move towards higher levels as mentioned in the chart.
stay long targets given in chart above on resistance breakout theory
option buys :-
1500ce @ 0.9
1400 ce @ 5.5
disclaimer - trade @ own risk
Bullish Bat in MCXRules of bullish bat
B retraces 0.382 to 0.5 of XA.
BC retraces 0.382 to 0.886 of AB.
CD is a 1.618 to 2.618 extension of AB
D is at a 0.886 retracement of XA
But in our chart there will be small differences and deviation but according to the adjustments the ratio need to be matched .
However with perfect ratios it is rare to find but most of the time with some deviation it works
MCXMCX ....
1 - trading in channel / and in big time (weekly) its
forming inverted h&s
2 - good volume
3 - trading above 100 and 200 ma its positive
move
4 - good rsi momentum 60.5
5 - 1359 is lont time resistance if its break then
it will give upper big move
6 - check weekly chart der its forming inverted
h&s
for short term move enter above day high
t1 @ 1359
t2 @ 1400
inverted BO target
t3 @ 1444
t4 @ 1495
t5 @ 1546
mcx descending triangle breakdownMCX
Time frame- DAILY
*Resistance - 100 DMA
*Support - 1095, 1025
*Short term picK
*Reason- Multiple time tested support, now this support is very weak.
Descending triangle formation breakdown after long consolidation.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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MCX- Looks to reverse, holding the levelBuy around 1295- 1275, keep SL 1250 on closing basis.
Target-1330,1360,1390
*Note-Only for educational purpose.
Symmetrical Triangle ConsolidationStart accumulating on the lower support line and wait for the breakup.
MCX Ltd - 02.09.2022MCX Ltd - 02.09.2022
The stock is trading @ 1277 levels
The PRICES ARE BELOW EMA
There is a MACD BULLISH DIVERGENCE in Daily Chart
There is a STOCHASTIC BULLISH DIVERGENCE in Daily Chart
There is a RESISTANCE @ 1291 levels
RSI needs a BREAKOUT in Weekly Chart
Watch out for the price action
