MCX trade ideas
MCX BouncebackLooks like MCX can give a good bounceback. Coming out of support zone with volumes.
Disclaimer - Do your own analysis before trading.
MCX DIP OVER?What are your thoughts let me know in comments.
01. on a Multi support level.
02. new volumes are coming.
03. MACD Bullish Crossover
04. Good Fundamentals
05. For educational purpose only
MCX looking bullish at the channel supportMCX is giving bullish divergence with RSI as well as looking at a reversal at the channel support. The stock looks bullish here. Small long can be initiated with further position building above 1600.
BONUS // DAILY SWING CALL // Wed 6th of January 2021 // MCXBONUS // DAILY SWING CALL // Wednesday 6th of January 2021 // NSE:MCX
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1768.35
TARGET: 2033 (15% Around)
STOP LOSS: 1590 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks
MCX - Bullish reversal from supportNote: This is for educational purpose only.
There seems to be a bullish reversal from trendline support which coincides with 200 moving average. Moreover, the reversal volume matches with the selling volume which mean demand is more at support. Hence, the current bullish candle engulfs the large bearish candle. There seems to be a RSI breakout as well.
SL: 1445₹
MCX - Morning Star Candlestick Pattern foundMCX Buy Above 1565
Stop Loss Below 1480
Target Level 1 1680
Target Level 2 1790
head and shoulder pattern in MCX NSEMCX share is showing head and shoulder pattern so price is gonna fall
MCXMCX is at support and looks weak below the 1572 levels, if it breaks this support then the major support is around 1450 levels
MCX Short Idea MCX gave a retest of Neckline and got Strong rejection with Supporting volumes.
Can be Weak below 1550 Levels
MCX Nice setup of a bear trendOm Namah Shivay.
MCX has been showing a nice setup.
There are multiple confirmations of a change.
1. The beautiful Head and Shoulder pattern
If breaks the neckline below, brings the price much
lower.
2. Also the counting with EW, brings a possible movement.
It can be a smaller flat structure where price does not
move below C, but that is an alternate option.
3. The divergence on a 1 hour price chart, brings a region
of potential watch.
This is only for education purpose. No trading suggestions are provided.
Om Namah Shivay
