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Multi Commodity Exchange of India LimitedMulti Commodity Exchange of India LimitedMulti Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited

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MCX trade ideas

[Intraday] BOunce from ~700 lvl + weekend lvl 9 MCXHas been falling the past 9 days, with the first green candle today. hasnt broken PDH in the past 8 days, Long only if it breaks the high of the previous day with a stop loss at the previous day's low. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy. PDH 715.95 PDL 703.75
NSE:MCXLong
by syedaleemuddinnoor
Volatility Squeeze Setup.I've observed nice trade setup. One can trade/invest the stock now with SL of 698 for a good reward. Bollinger Bands Squeeze is a powerful yet simple trade setup. One can identify the Squeeze when bandwidth is at around 6 months low. One can enter the trade when price starts trading out of the band. Mostly this setup rewards the trader nicely as one enter the trade early with small stop loss of one candle/Bar and ride the swing. The stock has given the breakout so one can trade it. Please note that sometimes stock gives a fake breakout just to shake the traders in that case one should reverse the trade and continue with that direction. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:MCXLong
by praveen.bhatiya
1