MCX waiting for the breakoutMCX seems long consolidation in daily
impulse move breakout may happen and double bottom forms
concentrate if price sustain above 4000
MCX trade ideas
Tl bo and ready for ath bo Stock has given good tl breakout and expected ath breakout also
And fundamental very strong stock with monopoly business
Good for long
Only for educational purpose
Bot for sugesstion
MCX FORMING BREAKING OUT FROM ROUNDING BOTTOMThe stock has broken out from a long year rounding bottom pattern moreover is has broken with good volumes and during past few days it has resisted and major retracement which increases faith in the stock the stock can reach 3000 as fundamentals are also supported with the price pattern
MCX can fall till 3000 sell trade given from 3500On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
MCX Looking StrongEducation Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Strong Breakout..
Good Volume...
Bullish..
Multi Commodity Exchange of India LtdThe company is working on launching new products, including steel TMT bars and electricity derivatives
Increase in Net Profit
Increase in Sales
Increase in Operating Margin
MCX - SWING TRADE - 16th January #stocksMCX (1D TF)
Swing Trade Analysis given on 16th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike Buildup at Resistance - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #MCX
mcx buyBuy at cmp to 3040
sl close bewlo 3030
easy tg - 3100
tg2 - 3125
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Chart pattern for MCXA 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 for intradaymcx 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
MCX: A third wave advanceStock 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.
Resistance Breakout - MCXPlease 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 for long term.
MCX rising to 4000 levelClear 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 ........
Can MCX go the BSE way?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.
MCX Watchlist Idea [Weekly]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.
MCX AT WEEKLY BEARISH HARMONICSMCX
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 😉
BREAKOUT, MCX, 60% RETURNS!!!BUY - MCX
CMP - Rs. 2049
Target - 1: Rs. 2520
Target - 2: Rs. 2900
Target - 3: Rs. 3265
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Timeframe - 3 months - 8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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MCX - relative outperformance- 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%
- chances are high for this trade to not work in current market environment, but risk reward can be really good if this trade works
MCX - Ichimoku BreakoutStock 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. This is for education purpose and a helping hand to learn trading in Market.
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#IchimokuCloud
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MCX - AT resistance - Need to sustainMCX :
Currently at very strong Resistance
Need to sustain 1850-1875 levels for a move towards 2000
MCX - Breakout after 575+ daysDetailed 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.
