Long Term - MCXBuy Range 1 - 100 WMA High
Buy Range 2 - 100 WMA Low
Buy Range 3 - Weekly Trend line from 2014
MCX trade ideas
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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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
MCX - Poll and FlagClear breakout and retesting the levels with strong bullish candle on Daily Time Frame.
MCXStock has given breakout from triangle pattern and now retesting the breakout levels. Buy above 1650 tgt 8 to 10% SL 1540. For education only. Kindly contact your financial advisor before entering any trade.
MCX chart support lines and resistance levels support and resistance levels
these are the basis levels as per price action the chart is showing a resistance from the trend line if it breaks the upper side huge upward move is possible
MCX breakout retest successful!Resistance line is retested as support as demand has increased. From couple of months it’s been moving in that channel now it’s time for a long.
Entry: above 1600
Target: 2000
SL: 1450
(It’s not an investment advice, do at your own risk)
Key points:
When a resistance is converted as support it means there are more bulls than bears amd demand for that has been. This can be a sign of bullish swing.
We should also look for another signs like candlestick pattern or look what fibonacci says.
Buy MCXBuy MCX near 1638-1643 Stoploss 1575 Target 1850
Demand & Supply Structure...Breakout & Retest Structure
MCXThe stock has given breakout from triangle pattern n now consolidating in a range ....good volumes seen at the time of breakout ...levels are mentioned in the chart
MCX Breakout- is it explosive?MCX has given a possible breakout, wait for the stock to retest and confirm, however volume is quite supportive.
WEDGE BO AND RETESTSHOULD WE ENTER IN MCX FOR SHORT TERM BASED ON CHART.
IF IT REACHES IT TARGET, IT WILL ALSO BE TRADING AT ALL TIME HIGH, WHICH WILL BE ANOTHER BREAKOUT
CMP - 1600
TARGET - 1900+++ (CAN HOLD FOR LONG TERM, TARGET SHOULD BE MUCH HIGHER)
SL- 1450-1460
MCX giving good opportunity to invest or positional trading.Fundamentally very strong Multi commodity exchange printed a flag and given a very big breakout with volume that is reliable.
MCX is almost debt free.
MCX has delivered good profit growth of 20.31% CAGR over last 5 years
MCX has been maintaining a healthy dividend payout of 65.72%
Flag breakout on weekly time frame
Rsi breakout on daily and weekly charts
Entry range 1550-1650
Targets - 1850 | 2150 | 2660
Targets are based on fibonacci retracement.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Swing trade Setup in MCX!Swing trade Setup in MCX! for mid term with 15% gains.
Volumes picking up.
Massive flag breakout on weekly time frame.
Successfully Rested the breakout levels.
Fundamentally strong.
Buying level - 1575-1605
Target - 1575-1605
Stop Loss - 1574
Targets are based on charts.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
MCX- Breakout Retest Done today. Good to enter with 7% SLMCX- Breakout Retest Done today. Good to enter with 7% SL
Breakout-Retest-ContinuationA proper downtrend breakout-retest and then continuation today. Can be bought now for a target of 1775 and 1830. CMP-1695. No strict SL is required, but if anyone wants can keep it 1500 on a closing basis.
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Happy Trading :)
