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Multi Commodity Exchange of India LimitedMulti Commodity Exchange of India LimitedMulti Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited

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MCX trade ideas

[ INTRADAY ] MCX SHORT BETrisk: Reward ratio is 1: 2 Rest as per Charts ******** Note - 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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:MCXShort
by Palkesh_Agrawal
MCX- Simple and Clean SetupHi All, Let us discuss another chart today. MCX is a dominant company in the segment it operates and is hence a strong stock. The chart/technical aspect also depicts strength to me. The stock crossed it's ATH for the first time in July 2020. Tried to sustain above it but could not hold the level for long. But the good thing to notice here is that it did not correct much and kept hovering around the ATH levels in a range (see smaller time frame charts Weekly and Daily). Now it has clearly given a breakout of that consolidation range. While the month of Nov has just started and it may come inside the box again but the setup provides a good R:R. Do not forget to notice the Vol Build up in last few months. The smaller time frame charts such as Weekly and Daily also give a similar picture. The stock broke out of the range, retraced back into the box but not much inside and is again above the box which depicts strength. A stop loss of 1590 on closing basis seems good to enjoy a good uptrend on this scrip. Just give some time to this setup, do your own due diligence and share/ask your opinions and doubts. Like I always say, let's learn and earn together :) Happy Trading!
NSE:MCXLong
by Ankit_Oberoi
2
MCX: Triangle pattern (Time frame- 1Week)MCX: Triangle pattern (Time frame- 1Week) . Chart time frame -1 Week Trade type -Short term Duration - 3 months Entry - 2000 Target 1 - 2500 Stoploss - 1750 Risk : Reward - 1:2 Leave us a comment or like to keep our content for free and alive. Have a great day everyone! Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
NSE:MCXLong
by wininfinity_
Simple Positional Trade Setup | MCX | short-mid termNSE:MCX Observations: 1) On Daily time frame, we can see now it is back to the level range which was earlier working as resistance and it was breakout level. Now it has come to test this and if it sustain and gets support then this range will work as support level. We can see good bounce back and the bullish up move can re-start again. Please refer below chart : 1day Time Frame. 2) On Daily Time frame again, if we apply FIB RETRACEMENT levels then we can see that it is resting just above the 61.80% level range. There are chances that the down trend will reverse now and the up trend will continue as generally at this 61.80% most of the time retracement of uptrend gets over. Please refer below chart : 1day Time Frame. ----------------------- Positional Trade Setup 1 : One can take long position from CMP with SL of 1750 and target of all above levels. 2 : If one wants to take safe position then one can take position after it gives sustainable breakout of 1855 level. SL will be 1800 and all above levels will be targets. 3 : One can take short position if it give breakdown of 1750 level with SL of 1790 level and target of 1696 and 1650. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels.
NSE:MCX
by Trading_hawk