MCX Short MCX is in downtrend & going to break 52 week low.
Breaks below 665(52 week low)-664, Short for the trend support around 620 or keep trail SL.
This is my view. Please do your our analysis before trading.
Thanks
Chandru
MCX trade ideas
MCX india -a future multibaggerNSE:MCX BSE:MCX
This analysis is not time dependent
1.A bullish cypher in formation of the CD downleg
2.The fibo wedge arc 1.618 also points to limitation of the downtrend
3.The downtrend is expected to halt that the weekly support S2
4. the bullish cypher is expected to push the prices up and the initial targets are mentioned according to 0.618DC of the cypher amd weekly R1
5.the median line of the Andrew pitchfork is expected to provide support on the down trend according to price magnet theory
Disclaimer...Not invested, interested and tracking fundamentals...This is not an investing/trading recommendation...
MCX reversing After clear down trend MCX is showing some support and bullish signs
Buy on dips with target 895~900
Long MCX: Bounced off 61.8% fib retrace, RSI took trend supportBounced off 61.8% fib retracement of the entire move from 230s to 1400+ , RSI took trend support. Go long
can give a good surprise !!!!!!would probably go long at these levels keeping a strict sl @ 710 !!!!
MCX : accumulate in panic** Investment bet
cmp 790 | SL 10%
- Downward sloping trend channel
-Oversold on RSI (weekly)
MCX:846 strong support at 833Call for a long investment with a stop 833.
My beloved friends and followers.
I am with you always but, lil busy these days.
please bear with me for some time.
MCX: Sell@875 with TGT of 832 and SL: 900Sell MCX only around 875 for Target of 832 and SL of 900. Wait for a bounce back as stock has recently made low of 835. Only sell around 875-880 Levels.
Was MCX a bearish breakdownThere seems I missed to consider bearish triangle breakdown in MCX.
It might see 725 levels.
Acc/Dist shows clear distribution.
MCX - @ trendline support, can bounceEarlier longs were stopped out on breach of 900. @ trendline support again. Try longs here with better risk reward
MCX Multi Bottoms S&RMCX Multi Bottoms S&R
Long Above 930 with 890 SL
T1 - 958
T2 - 997
T3 - 1028
T4 - 1059
T5 - 1103
MCX : IN : D : POSITIONAL TRADE : LONGAs per my analysis, there are three possible options clearly marked on the chart.
If it breaks out of the Pink TL, please wait for confirmation before entering as it might go down to the levels specified on the chart.
Happy trading.. details are for Intra-day traders, and swing traders.
If you like my analysis, please do LIKE it. Thanks.
MCX : IN : SHORT TERM AND LONG TERM FORECASTAs per my wave analysis, trend line and Fibonacci.. my short term say that it could reach to 840-850 levels, before it starts UP move to 1900-1940 levels within next 2 years time!!
MCX - Triple Bottom ReversalNSE:MCX has hit triple bottom and reversed from its one year support and RSI is also showing strong sign of reversal.
Go long above 976.90
T1 - 1113.10
T2 - 1230.60
SL - 910.80
MCXMCX Broke the Major Trend line Support.
It may try to reach the next Support Zone of 965-975.
If that gets taken out then next Support 925-935
Resistance Zone 1010-1018
MCX - Double Bottom MCX has hit double bottom and one can go long upon reversal
Go long above 1028.60
T1 - 1096
T2 - 1159.20
SL - 975.80
MCX trading in a descending triangle.Pitchfork Trigger line suppMCX' trading in a descending triangle. A pitchfork channel and its trigger line is broken two times.
Strong resistance at 1139. A break below 1030 MCX' can come down to 900 again.
That is the technical view. Now the fundamental says that,only a 100% rise in the profit can change the scenario soon. :D
Short MCX : A 10th November Day Trade.When 1st Target Achieved Book 60% Quantity.
And Trail Your SL to Entry Price.
No Technique Can make money for you, if you don't follow disciplinary principals.
Risk Management & Position sizing is must before entering any trade.
Long Setup in Multi Commodity Exchange of India Ltd MCX near its monthly support. Buy setup for medium to long term.
Accumulation Range : 1012-942
Target : Above 1500
Details explained in Chart. Please share your views and like if you agree.
