MCX trade ideas
Is correction over in MCX?In the 75-minute chart in MCX, we can see that flat correction is going to be finished.
This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.)
This is the primary indication of the end of correction.
A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level.
This is not a buying recommendation.
Please always do your own research before you take any trade.
This analysis is based on Elliott wave theory and Fibonacci.
This analysis is for educational purposes only.
MCX - Breakout Setup, Move is ON...#MCX trading above Resistance of 6457
Next Resistance is at 7809
Support is at 5105
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MCX - Breakout Setup, Move is ON..#MCX trading above Resistance of 5182
Next Resistance is at 6457
Support is at 3980
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
VIEW ON MCXGood chart structure
Stock is in a continuous up move
Buy on dips
Target 6500/6800
Stop loss 6150
I am just representing my views
For educational purpose only.
MCX - Retracement ?After a good rally the past week, a retracement to its demand zone would be healthy. Initial price action in the first few hours would determine if it followed the existing momentum or turns around for the retracement.
MCX // Levels // 1h"Welcome to SkyTradingZone "
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For Multi Commodity Exchange (MCX) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹6,100
Second Support (S2): Around ₹6,050
Resistance Levels:
First Resistance (R1): Around ₹6,200
Second Resistance (R2): Around ₹6,250
MCX // Levels // 1 hour "Welcome to SkyTradingZone "
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Here are the current levels and analysis for MCX (Multi Commodity Exchange) in a 1-hour time frame:
Current Price: 6,140.00
Resistance Levels:
6,200.00 (short-term resistance)
6,250.00 (medium-term resistance)
Support Levels:
6,100.00 (short-term support)
6,050.00 (medium-term support)
Analysis:
MCX is trading within a narrow range of 6,050.00 to 6,200.00.
The index has been trending upwards in the past few days, but it's currently consolidating.
The short-term resistance level at 6,200.00 is a strong level that MCX needs to break above to continue its upward momentum
MCX Short Term TradeThe stock has been in an overall uptrend
The volume shows an overall bullish strength
A small rising wedge pattern has been formed
atr had been falling throughout the pattern
On breakout a sharp rise in atr and volume is seen
Thus, there is a short term trade
tgt 5440, sl 4997
MCX Perfect pullback tradeThe stock is moving in up-sloping channel currently has taken support at its 9 days EMA.we could see furthermore buying action, follow-up buying action in the coming week,hence, one could take position on this stock for the target of 5500 and keep SL at 5200.
MCXtriangle squeezer BO pattern
there were two zone created for resistance and support both are clearly highlighted
Multi Commodity Exchange of India Ltd - Long Setup, Move is ON..#MCX trading above Resistance of 3056
Next Resistance is at 5182
Support is at 1722
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MCX (EDUCATIONAL PURPOSE ONLY)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
Multi Commodity Exchange of India Ltd.
TARGET RS 4870
CMP RS 4636.35
ENTRY RANGE RS 4590-4685
STOP LOSS RS 4302
Disclaimer: I am not Sebi Registered.
MCX short term and long term viewHey !!!
This MCX is almost at the support level and might reverse for a 5% up move in short term and medium term 14% return. focus on the bottom yellow marker as support zone. Below which is a downtrend.
MCX: Trading Near All Time High!MCX: Trading Near All Time High!
Patterns: Darvas Box Breakout with Rounding Pattern Formation
Volume: Wait for Strong Volume
Price Targets: 4500 / 4750 / 5000 / 5350++
Stoploss: 4075 DCB
Disclaimer: For Educational Purpose Only
Inverted head & shoulder breakout in MCXThere is a breakout of inverted head and shoulder neckline in MCX daily chart. One can enter by keeping stop loss at low of breakout candle. I am not strong bullish so I've entered this trade with low risk.
MCX - Fresh TailwindsWith traders now being allowed to trade commodities from the same account as stocks, this might ramp up volumes on the exchange.
Long above 4070 with stoploss below 3800 for a breakout from the range.
[Swing Trade] MCXMCX formed a promising pattern. Volume building up slowly. Let's wait for BO and some retracement.
DYOR before you invest. This is not a reco
MCX (4HR)MCX (4HR)
CMP 3880
Near resistance
Volume increasing
4 hour candle close above 3900 can lead above marked targets
MCX FORMING PARALLEL CHANNEL LOOKS GOOD FOR A SWINGThe stock has entered into consolidation phase after a prolonged rally and now is forming a parallel channel
TARGET 4469
WITHIN 3-6 WEEKS
