mcx- triangle breakoutstock has given breakout of triangle pattern . target of triangle breakout is 1400 plus
MCX trade ideas
MCX : IN : D : LONG : SWING TRADING/LONG TERMAs per my analysis..
Light Green TL - WTF
Brown TL - DTF
Blue TL - 4H
On weekly charts, MCXOn weekly charts, MCX has given a breakout but week aint over yet :)
Anyways, This can move towards 1180/1220 and then more.
SL 1080 ON CLOSING
Ascending Triangle - Waiting for break outMCX One can go long for target of 1150, 1180.
If breaks down can target 1050, 1020.
MCX- Breakout with Volume- BuyMCX has broken out of 7 month long trendline with volume and also an important resistance zone. It is good buy at CMP 1166 with a Stop Loss of 1120 with a target of 1240, 1290
Keep it in your Watchlist { Get ready for a big move... }Everything mentioned on chart...
Note: Do your own study before making any position...
Best Wishes For Guru Purnima,
Regards
Akshat Patwa
MCX in Demand ZoneMCX Reached its demand Zone with Critical Support Near.
Accumulate this stock for a 2 Years target of 1500
Positional Bet hence accumulate.
Risky Traders can also buy this now with Small SL.
MCX - IMP LEVELIf you observe , the stock reacted well to this price level in the past.
In the left, you'll see that it immediately reversed
but in the right, it's failing to sustain above it.
Now, in the present,
we have got 2 very strong bearish bars indicating selling pressure.
In May, I expect more downfall.
MCX currently at support level with Doji below the bottom TL Let us hope it will recover to above Tl.
if not we may see 980 again
This is the old post :
MCX looks strong ........Currently MCX is at 1163; formed a rounding bottom pattern also trying to breach the falling trend line. RSI and MACD giving hints to add fresh longs in this counter with stop at 1130 target could be 1240/1300++
MCX:1220 target 1400 same support 1086Nothing to worry, the said support is protecting
and, now it is moving to the target 1400.
Investment Pick, Accumulate. You won't regretStart Accumulating MCX.
Buy 50% now and add rest if it dips in highlighted area.
Sl 999
Target 1400/1600 ++++++++
Time Frame 6 to 12 Months.
MCX ₹1113 Our only electronics com exchange trad fut con for 49 MCX ₹1113 is trading near to an year long bottom trend
line support. Major trend line support and the next pivot
low ₹925 is almost matching & will have a strong support.
Next Resistance will have at ₹1400, on crossing that MCX
can find new high.
support:1086 and strict stop 925
Our only electronics commodities exchange trade on future contracts of
49 commodities at present and adding more.
MCX 1089 Is trading in a symmetrical triangle suport 950 @meqazi2020
MCX 1089 Is trading in a symmetrical triangle
having a minor support at current level 1085And
major support at blue TL around 950
MCX Long MCX WILL IT BLAST AFTER ITS RESULT ON 25TH....
Possible Pennant pattern...Break Out with Volume can take this higher.
Positional Target 1600
