Fundamentally good stock. good for long term holding. . entry:1535/1600 . target-1600-1750-2080 . . Analysis of this stock had already posted. . . refer old ideas. stay for update.
A symmetrical triangle chart pattern is a technical analysis pattern formed by converging trendlines, creating a triangle-like shape. It typically signifies a period of consolidation or indecision in the market, with decreasing price volatility.
mcx creating a bullish price action making higher low create same resistance for intraday if break resistance it will go up #support resistance note: only for educational purpose
Stock is rising in an impulsive manner of which 3rd is currently unfolding. Price are likely to continue it's uptrend towards 2900 and later 3500 in the coming months. On the downside Key level is 1700 which is the invalidation level.
#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...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking...
Clear buy like BSE, previous high crossed with good volume on yearly chart, shows value buying at this level, uptrend may remain for next to months, so can also invest at this level .....good stock for long term for next 20 years ........
NSE:MCX has given a very strong move and a big breakout on monthly charts. This breakout should not be ignored. BSE has run up significantly and NSE should list in the next 1-2 years. MCX is the undisputed leader in commodities trading in India. MCX is also fundamentally looking very strong with higher revenue coming in from Options Trading Contract.
Adding MCX to watchlist as it recently broke out from a long weekly base of 106 bars, might find support around the same and build a new base once market health improves. Certainly a good candidate to track for now.
Has formed multiple v pattern on weekly chart With 1150 Support we can see 2000+
#mcx forming bearish harmonic sell around 2050 tp 1800 / 1600
MCX cmp 2096 closing below 2070 (DCB) We can short for 1925 / 1830 / 1760 CBSL 2200 Trade Setup- 1) Bearish Shark Pattern 2) Weekly Supply Zone Regards.. Keshav... 28/09/2023 Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
BUY - MCX CMP - Rs. 2049 Target - 1: Rs. 2520 Target - 2: Rs. 2900 Target - 3: Rs. 3265 . Timeframe - 3 months - 8 months . Technicals - Trendline Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
- as the index made a new on 25th Aug, MCX made a higher low, mostly just consolidated on lower volumes - volume patterns in recent times are extremely bullish, wide range candles on upside, with massive volumes - volumes on the recent pullback are very low, indicating no institutions are exiting - low risk entry around 1620, with at 1575, about 2.75% -...
Stock Name - Multi Commodity Exchange Of India Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 2100 #This is not Buy and Sell recommendation to any one....
Reason for long a) consolidation set up b) consolidation breakout and pull back set up c) super vwap set up d) QQE support e) Super trend support Major challenge is fundamentals valuation is high: Hence it is purely technical and SL compulsory
MCX : Currently at very strong Resistance Need to sustain 1850-1875 levels for a move towards 2000
Detailed View about this Breakout: No.of Resistance: 6 No.of Support: 5 Consolidation Days: 575+ Days I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.