Don’t Miss This Rare MCX Setup Breakout + Retest= Big Move AheadHello Traders!
Today’s analysis is on MCX Ltd., where we just spotted a powerful Descending Triangle Breakout . After weeks of consolidation, the price has finally broken the falling resistance and even retested the breakout zone. This setup often leads to a strong trending move.
Why this setup is special?
Price respected support multiple times, showing heavy demand from lower levels.
Breakout + Retest makes it one of the most reliable continuation patterns.
Risk–Reward is highly favorable for both short-term and positional traders.
Levels to Track:
Currently, the best accumulation zone lies between 8000–8155 , which gives a low-risk entry point. On the upside, the immediate short-term target is around 8446 , while the medium-term level aligns with the previous ATH near 9115 . If momentum sustains, the stock even has potential to reach the positional target of 9774 . For risk management, traders can keep a short to medium-term stop loss at 7788 , while positional traders may consider a wider SL at 7522 .
Rahul’s Tip:
Such breakouts don’t come often. Once the retest is done, the real rally usually begins. Traders who wait too long often end up chasing the move at much higher prices.
If you want to catch these setups before they take off, make sure you follow closely — (Analysis By @TraderRahulPal, TradingView Moderator). More analysis & educational content is shared regularly on my profile. Sometimes one breakout can change your trading month completely. If this helped you, don’t forget to like and follow for regular updates.
Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
