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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

MCXMCX:- The stock has gone to test its important level, if this level breaks, we can make a catch plan, but if the stock hits 1564.85 , If it comes below level then the stock will become weak. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MCXLong
by AjayDhakad_Keep_it_simple
STEP BY STEP EXCHANGING CHANNELSMCX is looking that next breakout will happen very soon in this stock so I try for how when and why logic in this chart, as we can see on daily chart I am sharing below that it was a clear breakout on at 1490 levels so after that breakout it continue trading in parallel channels and each time when it breaks pervious channel it shift it's trading in to new channel so we can see a possible breakout if it will succeed to break current channel and sustain above so we can see the targets of 1742 and 1832 in this stock. DAILY TIME FRAME BREAKOUT PREVIOUS PUBLISHED IDEA AT SAME 1490 LEVELS
NSE:MCXLong
by AMIT-RAJAN
2
Wyckoff Phases in PracticeWe all know that market moves in Phases. The four most popular phases are – 1️⃣Accumulation 2️⃣Markup 3️⃣Distribution and 4️⃣Markdown Mr. Wyckoff analyzed these phases further, esp. Accumulation and Distribution, to understand the price behavior for potential opportunities to trade/invest in the market. In this tutorial I am going to have a brief discussion about Accumulation-sub-phases of the market with the help of an example that I came across today. ✅ Phase A 🚩Starts after a major downtrend. 🚩Begins with a selling climax (SC) - Large down bars with abnormally high volume (see B). 🚩SC is followed by the largest rally in the major downtrend, associated with good buying volume. This Automatic Rally (AR) represents the change in character (ChoC) of the market - buyers taking over. 🚩Market retest the level B with a lower volume (supply) – Secondary Test (see D). ✅ Phase B 🚩Usually the longest phase. 🚩High volume during rallies (eg. E) and lesser during retracements. 🚩Even if volume is high during retracements, price fails to make new lows. 🚩More secondary tests (see F) held at the support zone (B and D). 🚩Market consolidates testing supply and demand with no particular direction – Consolidation. ✅ Phase C 🚩The smallest but most important. 🚩Usually ends with a Spring (not in the above case). 🚩You would see final shakeout of weak buyers. Price dips underneath the support zone (B, D and F) and reverse sharply back above support. 🚩Perhaps the best time enter for those who like to take low risk high probability trades. 🚩In the above case G was just another test of support Zone. ✅ Phase D 🚩You would see swift action in this phase. Wide up bars (with high volume) and small down bars (with low volume). 🚩This also represents the change in character which now differs from the consolidation phase. 🚩ChoC - Notice two blue rectangles and the price action in them. 🚩Price breaks the resistance zone (mostly the high of automatic rally). 🚩It again retests this resistance which now starts acting as support. This is called the Backup action. 🚩This is perhaps the best time for those who like to enter after confirmation. ✅ Phase E 🚀Accumulation is over and a trend is established. Not all bear markets end with these accumulation-sub-phases. You may often see V-shaped recoveries just like what we experienced after March 2020 lows. But you will surely find some stocks or markets that moved in line with Wyckoff phases. Thanks for reading. Do like and comment. 📣Disclaimer: The views are personal and theoretical. Apply your own due diligence before making your investment decisions.
NSE:MCXEducation
by Bravetotrade
18
MCX on Breakout. BUY above 1655 for Intraday tomorrowMCX on Breakout and with good volume. BUY above 1655 tomorrow (Wednesday 14th December) for Intraday gains ------------------------------------------------------------- INTRADAY Trading Strategy based on 3 stages of a breakout: 1) Impulse upmove stage : The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. sBoth Safe Traders/High Risk Traders may book profits at this stage Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice" The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:MCXLong
by JJ_Breakouts
MCX Cmp 1495 dated 25-10-2022 RECTANGLE BOMCX Cmp 1495 dated 25-10-2022 1. Bullish Katana Candle 2. Rectangle Pattern BO above 1501 2. Volume Rise 3. RSI BO Buy above 1501 for target 1540-1610-1665-1715-1790-1850 SL 1385 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:MCXLong
by SHEETAL_UDESHI
MCX - Ichimoku Bullish Breakout 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 1502. #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:MCXLong
by nikunjbhadja