MCX Parallel Channel Breakout#MCX
Parallel Channel Breakout
SL- 1528
Target- 1800/1875
Disclaimer- For Educational Purpose Only.
MCX trade ideas
MCXWEEKLY CHART
CUP AND HANDLE BREAKOUT AND RETEST
LONG ENTRY AT 1600 TARGET 2200 WITH THE STOPLOSS OF 1400
MULTIPLE CONFIRMATION DONE
TRY YOUR OWN TA ON CHART FOR CONFIDENTIAL LONG HOLD
Buy MCXBuy MCX at cmp and add near 1546 to 1554 retesting area, Stoploss 1500 Target 1648
Study: Darvas Box Breakout and retesting structure
MCX (Multi Commodity Exchange) Rounding BottomMCX (Multi Commodity Exchange) is an exchange where commodities like precious metals Gold, Silver as well as Aluminium, Copper, Nickel and Crude Oil, Natural Gas Futures and options are traded extensively. It is a safe stock to invest. Since, commodity trading is gaining popularity, it is beneficial for MCX as a mediator.
Technically, MCX has formed Rounding bootom and given breakout above neckline (1515-20) and it retested these levels after some candles and it is currently trading as the neckline support, any dip towards 1480-1450 is good buy (Divide buy quantity in two parts!) with SL 1400 closing basis. Targets could be 1600, 1700 1800++
(Disclaimer: Do your own analysis, not responsible for profit or loss, I am not SEBI registered)
MCX looking good on chartsMCX looking good on charts
CUP & handle formation on charts
Sustaining above 1636 can take stock further upside
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
MCX Resistance Turned Support? MCX has exhibited strong resistance at 1440 zone multiple times since the beginning of its listing. The stock touched 1850 and returned on 1440 zone once again and took support here. With the idea of support turning resistance, it would make sense to go Long with immediate target of 1850 in sight.
MCX : Flag Pattern - Long TermStrong Flag pattern in Weekly charts with MACD just ready to move upside. Strong Targets awaiting.
take your part of apple and get out....good partten breakout and retest in 1 day time frame........only swing....take profit and get out as soon as possible...
MCX Potential Candidate for a tradeMCX is taking support at 0.382 Fib Level and is also forming a triangle format
Take trade on breakout of the triangle pattern.
Possibility 1:
Long after the breakout on the upside with a stop loss of 1425
Possibility 2:
Short if 1470 is broken on the downside. the best entry would be after a retest of 1470
MCX Monopoly stock and comes out from 7+ years consolidation. Retracing the breakout level , Good for Long term. Minimum Traget 2300 - 2500
MCX a BUY worthy BO (Mid to long term, could be added on dips)Chart is on the similar lines of NSE:ABBOTINDIA chart I had published few days ago.
Its a clean and clear pattern, and the Breakout is quite conclusive. Volume is yet missing, should pick up soon.
MID-LONG term buy potential with add on dips
MCXGood for Swing trade. ~1420 level was once resistance now acting as support. Good Risk to Reward.
Short on riseShort in range 1550-1600 sl 1634 for tgt of 1250. Just a view better seek professional advice.
