STOCK ANALYSIS FOR 30/05/2022 MCXGood evening friends watch video for detailed analysis of MCX
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MCX trade ideas
MCX fut or cash short below 1230 - 15 min candle closing basis MCX fut or cash short below 1230 - 15 min candle closing basis
Target 1225-1220-1215-1210-1200+
Positional or Longterm opportunity in MCXGo Long above 1317.05 for Targets of 1491.1, 1665.15, and 1839.2 with SL 1143
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around the 0.618 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
MCX | Trendline + Flag breakout ahead, looks potential for 25%MCX | Trendline + Flag breakout ahead, looks potential for 25%
CMP : 1450
SL : 1380
Target : 1750
1:4+ risk reward setup
Target calculated based on Flag length + Fib level.
MCX IS A BUY ABOVE 1470.Keep MCX on your radar. Resistance is at around 1470 levels. Add if it crosses 1470 level. will update stop loss if it crosses 1470.
Target 1 1580
Target 2 1659
MCX is now new GoldThe MCX has corrected by 45% from 14/10/21 - 24/02/22. On daily time frame we can project the Elliot wave impulse pattern and we can see that in coming days this is the next projected move with best returns.
MCX Looks good !!MCX : cmp : 1430.2
A double bottom kind of pattern has been formed in hourly chart. .
On the verge of breakout.
Closing above previous highs.
RSI & MFI trending up.
buy on dips.
Accumulation zone : 1420 - 1440
Profit booking zone may be : 1498 - 1542
SL 1401/According to your risk appetite.
Positionally can move 1760+
Sl 1358 Dclbs
May future as well as May 1440CE/1500CE can be look after for decent return.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
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#MCX closed above boxMCX after long fall showing strength and closes above mother bar box. Double bottom formed and HL made, once closed 1500 HH will be formed. ST 1600
MCX LOOKS GOOD FOR LONG TERMCurrent Stage - Accumulate between the Red & Green Rectangles
SL- Below 1300
TGT- 1500,1700,2000
Time- 1-3 Months
MCX Breakout from Down Channel MCX Breakout from Down Channel Cmp 1471.5
loks good for long now
targets are 2000 in long term
MCXPrice touching 1444 and sustaining BELOW it for 15 min is short for MCX. SL 3% target 10 %
Price touching 1444 and sustaining ABOVE it for 15min is short for MCX. SL 3% target 10 %
on closing basis both SL and target
MCXBuy MCX above 1490. W PATTERN is formed.
There is also news regarding options trading in commodity indices which will benefit MCX.
MCXStock has taken support @ 1200 levels for 2 time and now trying to give breakout from its resistance of 1450 after making a W pattern. Buy above 1465, TGT 1600+, SL 1380. For educational purpose only. Kindly contact your financial advisor before entering any trade.
MCX - Stay tunedMCX may reach 1550 in short time
Stay tuned! Has given a trend line breakout,
have given a bearish candle, good to see if this candle
will show more weakness
Stock is Ready For RunningStock is Ready for Running .
Huge Consolidation in lower end
Expecting Good Bounce on this level.
MCX FOR SHORT TERMMCX looking good at current level with sl of 1300 . It gives break out of trendline on daily chart. Target 1700, 1950 and 2100
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalMCX
Company is almost debt free.
Stock at near its strong resistance zone
If broke then can be seen good move
Buy above 1455 for positional targets of 1560/1500
To Ultimate target of 1650 in next 12months
Keep SL of 1400.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
MCX testing important support/resistance zoneMCX is testing it's important support and resistance zone and looks good above 1455 level for both intraday and swing.
Swing should be taken only on closing basis.
Learn & Earn,
Dr. Tanya Kumar
