MCX trade ideas
MCXMCX:- Buy on decline,1860₹ is breakout level then door open for 2000₹ ++ level seen in upcoming days.. with sl 1525₹ DCB
#Disclaimer:-I just shared view for only educational purpose.
Buy Opportunity: MCX trading all time highMCX which is Multi Commodity Exchange is trading above all time high of 1600.
The previous all time resistance of 1600 was broken and currently it is trading at 1636 levels.
We can buy this stock at these levels and wait, keep a stop loss of 1460.
We are looking at weekly chart so our investment horizon will be for 3 months to 12 months.
** ideas are of my own *** please invest as per your risk appetite **
Multi Commodity Exchange (MCX) at Multiple Support LevelMCX found Multiple Level Support i.e. 50% Fibonacci Retrenchment and RSI Support at Level 40
MCX Daily ChartPrice seems to respect the support levels (Yellow zone) and it is staying above 20EMA. I will BUY this with a stop below 1550
MCX - Monthly Chart1. Multi-year breakout almost 7+ years
2. Last Quarter results were great
3. This may not be a fast mover so this will give the opportunity to BUY
4. Since this is multi-year we can have a bit deep stop on a weekly closing 1570
5. I would buy this stock on Dips 1600-1650 Range (Few Rs here and there)
MCXSymmetrical triangle breakout, Increase in Volume. Long at CMP. TGT: 1370. SL: 1230 on closing basis
Multi Commodity Exchange - Ascending Triangle breakoutNote: This is for educational purpose only.
There seems to be an ascending triangle breakout with good (not high) volume. RSI shows overbought, hence, the price might re-test the resistance turned support line. Can buy on dips till 1400.
Synergistic Pattern: Advance (W+Flag) + Triangle + Cup_HandleLevels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 1340
SL: 1275
Target: 1560
RR: 3.15
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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MCX key level 1165, Keep an eye for breakout or reversalMulti Commodity Exchange (NSE: mcx) is now at make or break level. The key level is 1165. Keep an eye for breakout or reversal trade.
Support and resistance analysis.
MCX looks bullish in coming daysMCX price moved above weekly 125 ema and sustaining above 125 ema
on 4hr chart price is trading above 20 ema. entry near 20 ema can be taken for possible breakout on 125 ema on weekly chart
stop loss would be recent swing low
LOOKS GOODGood Upside for the stock after it crosses 1175.
Set an alert on 1175.
Will update targets and stop-loss once the trade triggers.
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#MCX#MCX Sell below 1111 for the target of 1095.
if recover sell at rise at 1137 with sl 1140 for the target of 1112/1095.
Stock turn positive and taken long trade above 1140.
MCX LONG IDEANSE:MCX
MCX can be bought after it breakouts from its trendline.
It is forming a clear triangle pattern and seems bullish in near term.
