MCX is long term deal to Enter, but a good oneNSE:MCX correction ended and now it can be trapped in this range for entire month. Wait for the recent days high to break before entering. A good deal to carry for multi months though.
MCX trade ideas
Strong Momentum in MCXThis is one of my favourite stock.
Finally it have gave breakout from a long consolidation phase in a falling wedge price action pattern.
This pattern have took 1 yr and gave breakout.
Momentum looks very strong as it also has a seen hugh volumes that haven't came for almost a yr now(last time on 14th sep).
Let's see how much time it takes to test it's all time high.
This post is for information purpose only.
MCX - Approaching Strong ResistanceMCX :
Approaching a very Strong Resistance zone
Closing above 1800 is crucial for a good upmove
Else may all
Long - MCX1. Retest the breakout levels taking support with huge volume.
2. Buy after break out of 1800+ with target of 2400 (SL-1400 on closing basis_
MCX- Commodity Super Cycle beneficiaryFundamental Interest into commodities and the commodity super cycle could have some great consequences for this stock.
flag breakout on the monthly base over a base
deflationary counter measures could be taken by some investors leading to increased exchange interactions for MCX.( reminder business is semi cyclical in nature ,there is a reason why its been a range hopefully there is a reason now to break it).
target and SL is mentioned on the chart .
MCX: BULLISH FORMATION TREND REVERSALMCX: in daily chart downwedge breakout with apna wala candle formation (bullish candle stick) as per chart setup MCX is ready for new 52 week high..if closed above 1630 in this week then its confirmation for bull trade...SL 1500 on closing basis... tgt 2000 in next 90 days
MCX SWING TRADING IDEA 1H TIME FRAMEtargets see on this image .
entry point 1520 to 1550...
targets achieved probability 1 and 2 easily and third target hard.
keep patience... hold atleast 1-2 months
Multi Year Breakout - Retesting Done - Ready for New LevelsPositional & Investment Pick
Rakesh Jhunjhunwala also holds 5% Stake in the Company.
MCX LOOKING STRONG ON CHARTSMCX looks like a good buy for short term
Give H&S Neckline Breakout & given a range breakout after few months consolidation
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
MCX - Looking for an excellent breakoutWatch out for key levels marked in the chart. There is a trendline breakout along with an important horizontal resistance zone. A weekly closing above the zone would launch the price up!
Intraday - Above TL
Swing/Positional - Above horizontal resistance
#MCX #READY FOR BOOM BAAM #TIME AAGAYA BULLISH.
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
MCX: 15% upside potentialDate: 07 June 2021
Inverted Head and Shoulder pattern
Targets = 1700, 1775, 1850
SL = 1530
MCX DAILY CHART DESCENDING TRIANGLE BREAKOUT , MINOR HURDLE AROUND 1645-1660 IF CLOSED ABOVE THEN NEXT TGT 1780/1900
MCX Swing- Cub&handle Formation stock : MCX
pattern : Cub&handle
Trade : Swing (4-5days)
Risk/Reward : 15/80 Rs
take trade as per ur RR.
MCXSTOCK NEAR ITS SUPPORT ZONE. GOOD SHARE FOR LONG-TERM PERSPECTIVE. CAN LOOK FOR BUYING OPPORTUNITIES HERE.
