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MULTI COMMODITY EXCHANGEMULTI COMMODITY EXCHANGEMULTI COMMODITY EXCHANGE

MULTI COMMODITY EXCHANGE

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MCX trade ideas

MCX on a toughest consolidation zone MCX showing some good support between 5400 and 5200; as per the earlier phase the MCX got a massive breakout at this area and moved swiftly, we can expect the same but the market condition is the key, and it can sustain for a while before getting into a beast mode. All the above conditions are valid only till the stock is not breaking 5217. It will turn bearish below 5217 and it will head towards 4730 levels for support. Hoping the market should sustain at this levels and MCX should get some positive at this levels. Tomorrow it can again try to come near the consolidated area where it should take support and move on the upside. Key region to keep your eyes on MCX...
NSE:MCX
by premanandg
4
MCX and the EW CountsCMP: 6530 MCX is one of the best stocks I have come across in recent times to study/practise EW counts. Such a wonderful set up with multiple sub-divisions playing out perfectly. The chart published here is the 5 wave impulse from 2917 levels. We are at the final 5th and this can either extend or terminate anytime depends on the market conditions. Since the 5th has gone past the 3rd wave high, technically, we can mark the 5 wave has ended here. The possible extension targets are marked in blue dotted lines. Breakout of the falling trendline of the recent fall from 7050 would give us confirmation If it breaks the 2-4 trendline (RED), then can safely assume that the uptrend has ended on this impulse. Here is the chart on weekly TF Here is the larger TF count for positional investment view I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:MCX
by Murthy_Santhosh
1
MCX - Do you still want to chase FOMO? CMP: 6920 TF: Daily The current impulse from 2917.85 is on the fag end of the 5th move, and it could end/terminate anytime. Divergence seen on daily, although another 5-10% move on the upside cant be ruled out.. But be sure if you want to chase the price at this level just because of the latest price action moves. Just so can see, larger degree 5th is also in play now.. so, once this move is over, the pullback will be a bit deeper (retracing the entire move from 1140 level to 7K levels) Waves 0-1-2-3-4 Path with internal counts Investors - Trail your SL with tight SL Traders - Dont jump, better to wait for the right opportunity (significant weakness followed by a bounce is the ideal time to go short) I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:MCX
by Murthy_Santhosh
Multi Commodity Exchange (MCX)MCX presents a compelling buy opportunity based on the formation of a Bottom Rounding Pattern, a bullish reversal signal indicating a transition from a downtrend to an uptrend. The stock has broken above the key resistance level of ₹6800 with strong volume, confirming the breakout. The height of the pattern suggests a long-term target of ₹9600, offering an upside potential of approximately 39%. For swing traders, an entry at ₹6920 or on a pullback to ₹6800, with a short-term target of ₹7200-₹7500 and a stop-loss at ₹6650, provides an excellent risk-reward ratio of ~1:10. Positional traders can aim for the full target of ₹9600, holding for 3-6 months. Volume spikes during the breakout further validate the pattern, while the strong support at ₹6800 minimizes downside risk. Despite potential market volatility, the technicals and breakout strength make MCX a strong buy candidate for both traders and long-term investors.
NSE:MCX
by Simplecharttraders
Is correction over in MCX?In the 75-minute chart in MCX, we can see that flat correction is going to be finished. This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.) This is the primary indication of the end of correction. A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level. This is not a buying recommendation. Please always do your own research before you take any trade. This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only.
NSE:MCXLong
by theprofityogi
MCX - Breakout Setup, Move is ON...#MCX trading above Resistance of 6457 Next Resistance is at 7809 Support is at 5105 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MCXLong
by MandeepSinghKohli
MCX - Breakout Setup, Move is ON..#MCX trading above Resistance of 5182 Next Resistance is at 6457 Support is at 3980 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MCXLong
by MandeepSinghKohli
MCX // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are the current levels and analysis for MCX (Multi Commodity Exchange) in a 1-hour time frame: Current Price: 6,140.00 Resistance Levels: 6,200.00 (short-term resistance) 6,250.00 (medium-term resistance) Support Levels: 6,100.00 (short-term support) 6,050.00 (medium-term support) Analysis: MCX is trading within a narrow range of 6,050.00 to 6,200.00. The index has been trending upwards in the past few days, but it's currently consolidating. The short-term resistance level at 6,200.00 is a strong level that MCX needs to break above to continue its upward momentum
NSE:MCXLong
by SkyTradingZone
Multi Commodity Exchange of India Ltd - Long Setup, Move is ON..#MCX trading above Resistance of 3056 Next Resistance is at 5182 Support is at 1722 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MCXLong
by MandeepSinghKohli
2