MCX- Descending Triangle Pattern1. Descending Channel pattern formation with strong Diagonal Resistance Line
2. Breakaway gap with strong volume and price
3. Next Resistance near the 1650-1850
4. Support near the 1375-1430
MCX trade ideas
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.
ZOOM CANDIDATE MCX is looking good on daily chart breaking falling trendline and closed above successfully followed by 20 days moving average which finally managed to closed above on it after many sessions and the RSI indicator is giving a positive divergence signals too which is looking coming bullishness in this stock.
Cause of long-:
1- Falling resistance breakout.
2- RSI positive divergence nd breakout.
3- 20 days moving average breakout.
MCX | ChaiwithAnoop | InvestingLong ON MCX
Support from 200 Moving Average.
Channel breakout.
Mutliple Consolidation.
#MCX Harmonic update#MCX Harmonic worked perfectly
it's closed near to previous support
which will act as resistance
It's time to book profit
CMP:1495 @ 25 October 2022
Watchout for range breakoutThe stock is trying to break it's 9 month old range. Buy above 1500 level (day closing basis) for positional 8-10% further upmove.
Learn & Earn,
Dr. Tanya Kumar
Channel Breakout in MCXFrom past few months stock has been trading in a channel. Finally it has broken from its previous resistance with significant volume.
Also, recent quarter results were good. we can expect a good upside move from current levels.
At this price risk reward is not attractive. So, it is better to wait for retest near 1435-1400 levels.
Maintain strict stop loss at 1290.
All possible targets are marked on the chart.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:MCX
MCX MCX has came out of range bound area.
It will move towards higher levels as mentioned in the chart.
stay long targets given in chart above on resistance breakout theory
option buys :-
1500ce @ 0.9
1400 ce @ 5.5
disclaimer - trade @ own risk
Bullish Bat in MCXRules of bullish bat
B retraces 0.382 to 0.5 of XA.
BC retraces 0.382 to 0.886 of AB.
CD is a 1.618 to 2.618 extension of AB
D is at a 0.886 retracement of XA
But in our chart there will be small differences and deviation but according to the adjustments the ratio need to be matched .
However with perfect ratios it is rare to find but most of the time with some deviation it works
MCXMCX ....
1 - trading in channel / and in big time (weekly) its
forming inverted h&s
2 - good volume
3 - trading above 100 and 200 ma its positive
move
4 - good rsi momentum 60.5
5 - 1359 is lont time resistance if its break then
it will give upper big move
6 - check weekly chart der its forming inverted
h&s
for short term move enter above day high
t1 @ 1359
t2 @ 1400
inverted BO target
t3 @ 1444
t4 @ 1495
t5 @ 1546
mcx descending triangle breakdownMCX
Time frame- DAILY
*Resistance - 100 DMA
*Support - 1095, 1025
*Short term picK
*Reason- Multiple time tested support, now this support is very weak.
Descending triangle formation breakdown after long consolidation.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
#technicalanalysis #technicalanalyst #swingtrading #swingtrader #fundamentalanalysis #bullish #chartoftheweek #trading #tradingstrategy #stockmarket #stockmarketindia #stocks #stockmarketnews #stockstowatch #stockstobuy #stockoptions #longterminvestment #investment #investmentopportunities
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MCX- Looks to reverse, holding the levelBuy around 1295- 1275, keep SL 1250 on closing basis.
Target-1330,1360,1390
*Note-Only for educational purpose.
Symmetrical Triangle ConsolidationStart accumulating on the lower support line and wait for the breakup.
MCX Ltd - 02.09.2022MCX Ltd - 02.09.2022
The stock is trading @ 1277 levels
The PRICES ARE BELOW EMA
There is a MACD BULLISH DIVERGENCE in Daily Chart
There is a STOCHASTIC BULLISH DIVERGENCE in Daily Chart
There is a RESISTANCE @ 1291 levels
RSI needs a BREAKOUT in Weekly Chart
Watch out for the price action
Tripple bottom in MCXBuy MCX 1370-1410 for 1510/1620. Invalid below 1340 on two day closing basis. MCX crossed both weekly and daily 21ema and sustaining. After making tripple bottom stock is now ready to fly
MCX- Falling WedgeKeep an eye on MCX. Triple bottom formation. Can give a falling wedge breakout. SL - 1220, Tgt: 1450+
[Diary] MCX Price Action Overview. Its intraday short as I am posting it (with SL at day high) but this is a general overview
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Target zone expection time 1 week
Counter is trading around confluence of support zone ,,
lets see if support zone is respected
1. Bottom Fishing
2. RSI Reversal
Buy for a tgt 1441
SL 1325 {day closing}
It is just a view, pls trade at your own risk.
Multi Commodity Exchange of India Ltd - 20.07.2022MCX Ltd - 20.07.2022
The stock is trading @ 1388 levels
There is a STRONG RESISTANCE @ 1399 levels
Let the prices go above 1414 and sustain the same in weekly close
The prices are above EMA
Watch out for the price action
LONG MCXEnter in MCX between 1600 and 1450....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 2000,2300 and long term above 2500 easily......levels are marked........ best buy if goes around 1200
