MCX getting ready for Break outMCX has tested 200 sma levels after crossing it once. The supertrend has turned bullish. If the price sustains above 1650 on closing basis MCX can BO for a long rally.
Posted for academic interest
MCX trade ideas
MCX - Breakout and Penant formationAll trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
MCX More upside move is pending in this stock.
Market Cap
₹ 8,302 Cr.
Current Price
₹ 1,628
High / Low
₹ 1,875 / 1,432
Stock P/E
39.8
Book Value
₹ 278
Dividend Yield
1.70 %
ROCE
15.7 %
ROE
13.2 %
Face Value
₹ 10.0
MCX Stocks nse Hi this stocks listed at nse multi commodity stocks buying movement stocks strong buying pressure
Multi Commodity Exchange MCX
Good Stock for Portfolio
Can move upward with RS/ RSI +ve
keep tracking **
MCX BREAKOUT WIT GOOD VOLUMEMCX had retraced the previous breakout and even gave some signs of shake off. this stock is not something you should book losses in. hold for swing trade or long term whichever suits your way. targets are on the screen
Simple Trade Setup | MCX | 06-09-2021NSE:MCX
Observations:
1) On daily Time frame, it has given breakout of rounding bottom pattern. Breakout level range is 1585-1586. Nearest resistance level is 1600 level.
Please refer below chart : Daily time frame.
2)On Daily Time frame we can see that it has broken 100DMA and 200DMA with bullish candle.
Please refer below chart : Daily time frame.
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Trade Setup for Date 06-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Mcx 1592 #GHC3BARDECIDER Mcx 1592 #GHC3BARDECIDER
It seems good for reversal as gold ahowing sign of reversal
MCX LOOKS GOOD FOR NEXT WEEK BUY MCX 1570-1600 first target is 1660 2nd target is 1750 with strict stoploss of 1540-DKM SIR ...
very good move expected mcxmcx will rock this time
you know why because i have one secret that it give me stock to boom the few days
lets check it out
target - 1780+
sl - 1570
hope you not get out of it
Simple Trade Setup | MCX | 30-08-2021NSE:MCX
Observations:
1) On Daily time frame it is already trading below 200DMA.
Please refer below chart : daily time frame.
2) On Daily time frame it has taken reversal from it's critical support 1455 level range and also closed above 400DMA. It shows the strength will come in stock to get bullish now.
Please refer below chart : daily time frame.
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Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
MCX - multi commodity xchangeA bullish Flag pattern is seen on the weekly charts of MCX...
It could possibly give good return in 3 to 6 month
MCX Bouncing from supportCan be bought for a target of 1600 and 1700. CMP-1486 and SL can be 1375 on a closing basis. 1:2 Risk-Reward ratio.
HIT the like button if you liked my analysis.
Long Term - MCXBuy Range 1 - 100 WMA High
Buy Range 2 - 100 WMA Low
Buy Range 3 - Weekly Trend line from 2014
MULTI COMMODITY EXCHANGE (MCX).... MONOPOLY MCX has monopoly in the commodity exchange segment in India, with a market share of over 92%.
In the weekly chart the script had broken out of resistance trendline (support zone) and is consolidating for one year now.
Good stock to be in one's portfolio at a good price to accumulate.
We can expect at least 70% upward move in the next two years.
MCX | Wedge breakout and retested - Potentially 20%MCX | Wedge breakout and retested - Potentially 20%
CMP : 1603
SL : 1500
Target : 1900,2000
1:3 risk reward setup
Buy MCX for the targets of 1700A simple positional call
Buy MCX around 1479
and then 1439
or at compared rate
for the targets of 1700-1800
Disclaimer: This is just for the education purpose and always take advice of your financial advisor before investing.
PENNANT-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-:
1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED.
2. Do ask your questions in the comments if any.
Volume Profile-:
Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price.
2. If the current volume is low, its mostly a pause before the trend resumes
3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case
POC-: The red line in volume profile is called Point of Control. This is the level where max volume of transactions have taken place.
IMPORTANT OBSERVATIONS-:
1. Stock formed a big triangular pattern, gave breakout and then rallied.
2. Recent it formed a flag-pennant-like pattern i:e a brief pause.
3. That can be confirmed by the volume in that region. Mark the low volume as compared to the high volume when it started rising.This confirms that the current pennant pattern was just a pause. And thus when breakout happens the uptrend will resume.
TARGET WITH LOGIC-:
Since its a brief pause. and within that pause buying ( green,blue) volume is more than selling (red )volume. There is a high chance the current expected up-move should be kind of equivalent to previous move (could be more too).
So a Fib Extension 100% target seems feasible.
ENTRY-:
Entry at CMP since it has just given a breakout out of the small triangular pattern with trend-lines tested at least 3 times gives us a nice conviction.
STOP_LOSS
1450 and 1165 are good support levels. But since 1450 is too close to CMP , it will be a narrow stop-loss. Thus a conservative stop-loss is better for a swing trade in 1W.
So 1165 could be a good spot.
Its necessary to trail stop-loss as per your strategy. You may use Moving Average with ATR(14) as buffer.
EXIT
Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals.
1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low)
2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal.
3. If the trailing stop-loss is hit, please exit
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**I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC.
TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT.
**YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES
**ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED.
if anyone holding i think they might be having a bad day MFs decreased their shareholding last quarter
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining Revenue every quarter for the past 3 quarters
Near 52 Week Low
Weak Momentum: Price below Short, Medium and Long Term Averages
