Key Levels for MCX are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~999.60
First Target~1006
Interim Resistance~1013
Final Resistance~1030
**Lower Levels**
Lower Breakout~985
First Target~976
Interim Support~960
Final Support~944
Please trade with caution and consult your financial adviser before trading. You can also join our...
MCX looks pretty on charts. Last 3-4 qtrly nos were good. If similar performance continues it will blast on upside. ABove 1030 on closing basis scrip will all set to do 1200++ in short term.
Perfect techno funda candidate.
MCX is showing signs of tiredness. Its long upper shadow on last trading day shows that sellers are in control. Sell on Rise to 940-950, Keep stop loss above 982, Target 880
Mcx have made a beautiful bullish breakout on monthly chart (chart attached), which in simple language means that it will be soon making a new All time high.
Ideal trade strategy would be to buy the dips and hold this stock for good part of 2020.
Feel free to share your opinion and do join our trading.shiksha family on telegram.
I will keep on updating about this...
Multi Commodity Exchange of India Limited (MCX) is a holding company. The Company is engaged in Facilitating Trading, and Clearing and Settlement of Commodity Derivatives. It operates as a commodity futures exchange. It offers its products in various segments, such as Bullion, including Gold, Gold Mini, Gold Petal and Silver; Base Metals, including, Aluminum, Copper, Lead, Nickel and Zinc; Energy, including Crude Oil, Brent Crude Oil and Natural Gas, and Agro Commodities, including Cardamom, Cotton, Crude Palm Oil, Kapas and Mentha Oil. Its MCXCOMDEX is a real-time commodity index based on commodity futures price of an exchange. Other commodity indices developed by the Company include MCXAgri, MCXEnergy and MCXMetal. Its online trading platform is accessible to its members through its trader workstation or computer-to-computer link (CTCL) using multiple connectivity media, including point of presence (POP) connectivity, very small aperture terminal (VSATs) and the Internet.
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MCX
