MCX for Swing Trade NSE:MCX Swing Trade
Cmp 1828.60
I’m expecting a significant upmove
If it break 1885 we can see the target of 2135 with the stoploss of 1797
Grab this swing oppurtunity
MCX trade ideas
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!
MCX LOOKS GOOD FOR SWING TRADE BUY 1770-1775 TARGET 1910 SL 1700-DKM SIR
i can see upmove dosto
buy as per your risk
MCX: Triangle pattern (Time frame- 1Week)MCX: Triangle pattern (Time frame- 1Week)
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Chart time frame -1 Week
Trade type -Short term
Duration - 3 months
Entry - 2000
Target 1 - 2500
Stoploss - 1750
Risk : Reward - 1:2
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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.
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.
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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.
breakout after long term consolidation.CMP 1978, can be bought near 1830 with SL 1800. multi-bagger.
mcx bullishweekly channel breakout.
strong fundamentals, monopoly / moat bz.
for education purpose only
MCXMCX gave a good breakout with decent volume and good potential for the long side.
Buy- CMP
Target- 2066, 2100
SL- Buy on dips.
MCX Cmp 1923 dated 8.10.2021MCX Cmp 1923 dated 8.10.2021
1. Rectangle Box Consolidation BO @ 1840.
2. High Volumes.
Buy for a tgt of 2300 SL 1840
It is just a view, pls trade at your own risk.
MULTI COMMODITY EXCHANGEInverted Head and Shoulder formation clearly visible.
On the verge of breaking out of the channel.
review for those waiting to watch upmove check the level and pattern
who want to observe upmove
till estimated levels.
decide on ur own.
BREAKOUT IN MCX -- SWING TRADERefer the chart for entry, sl and target. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.
MCX breakoutMCX can be added here for long.
Sl below closing of support on weekly closing basis.
Volume has been great at breakout.
MCX - Channel pattern breakout** Posting my opinion - Any difference of opinion is welcome **
Wait for potential breakout and retracement to enter
Buy MCX MCX
Range mentioned in the chart...Follow the same
Disclaimer - This is only for educational purpose
MCX Breakout from Rectangular ChannelMCX has broken out of its rectangular channel resistance zone of 1900 on the daily chart. The candle formed is a Doji at very high volume. The break out signals are not very clear yet and therefore be wary of buying at the breakout yet. Better to wait for a pullback and buy at continuation.
MCX GOLDEN CROSS OVERThe golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. ... Basically, the short-term average trends up faster than the long-term average, until they cross.
MCX RANGE BO HAPPENED WITH HUGE VOLUME, POSITIONAL TRADEAs u see on chart, Price was almost in a Rectangular Pattern(Darvax box) range from last 1yr. Breakout happened with strong price action and huge volume.
VERY HIGH PROBABILITY POSITIONAL TRADE OPPORTUNITY
BUY ABOVE 2000 FOR TGT 2400-2800+ SL @ 1600
MCX - Long term breakoutMCX has given a long term breakout. The stock can be bought in tranches. Pullback can happen which lowers risk. Positional trade idea
