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.
MCX trade ideas
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
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 READY FOR NEW RANGESThe stock has formed inverse head and shoulder pattern on hourly timeframe moreover this pattern has been formed after a pretty long rally which also can be called as exhaustion phase which enhances further reliability in the stock for short term the stock can be bought it can fly till the 4600 levels