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
MCX trade ideas
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
MCX - Fire in Commodity will continue to heat up stock !!MCX - Fire in Commodity will continue to heat up stock for a year timeframe.
Entry Price - 1400-1440
Stop Loss Below 1200
Target - 2700-3600
Long Term Play - Wild Moves should come one way
MCX Double bottom breaking and retesting necklineMCX Double bottom breaking and retesting neckline,
Clear breakout and shall consider for short term profit.
Target1 1630
Target 2 1800
MCX Ready like Rocketwhen MCX breakout upside & when stock close there price on before level line . dont entre after that. but technically stock looking good for situation.
MCXOnly take position on above 1:5 RR ratio
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Current Price :1272
Take position at : breakout the triangle setup above 1420
Max Target 45% ROI
Stop loss according your Psychology
RRR 1:9
Time period : 1 year
LongMCX is found with Strong Divergence in daily time. And in monthly time frame support zone is 1300, and exactly from this zone it's bounced back. their is a resistance at 1450 and trend line with degree of 20 from high. If Stock able to close above 1450 with volumes. As quarterly results are also good, we can expect a sharp up move with target up to 1700-1800.
#mcx #multicommodityexchange SupportNSE:MCX
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Monthly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 1377.90
PRZ 2 :- 1364.10
SL :- 1270 (Closing Basis)
Target 1:- 1435
Target 2:- 1475
Target 3:- 1515 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
MCXprevious resistance became support.
script is breakding down again after restesting the same support.
Multi Commodity Exch Cmp 1444 dated 9-2-2022Multi Commodity Exch Cmp 1444 dated 9-2-2022
1. Bottom Fishing
2. RSI Reversal
Buy for a tgt of 1465-1530-1570 SL 1420
It is just a view, pls trade at your own risk.
MCX case studyCounter is trading around confluence of support zone,,
lets see if support zone is respected
It's looks like MCX is about to bounce ..!MCX is at it's major support level if you view at bigger time frame ( 1 M ) from 1400 to 1464 points .Might have a bounce from here..
If you come down to lower time frame ( 4 hr ) then it looks like it had made a bullish candle pattern ( a red candle & a green doji & a green candle ) so it might goo up from here ...
It also have trend line coming from upwards which I guess it will break this time. It's been more then 120 days since it respecting that line with more then Five touches..
Rest let's see what happens..
MCX - Daily Analysis - Swing Trade Can we get a Butterfly HarmMCX - Daily Analysis - Swing Trade
Can we get a Butterfly Harmonic Pattern?
Buying levels - 1270-1280 and add some more @ 1030-1050 ( Investment levels)
Holding period - 6-8 months
Targets 1475- 1750- 2000- 2200-2500+
MCX Short - Death Cross Over & Major Support BreachDeath CrossOver :- 50MA falling down 200MA
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Price broke the Major Support and going down.
Large Volume Selling can be seen in the last two days, Bears are in the Driver Seat now. So, not advisable to take Long Position now.
One, Two green candles may form now as Pullback Bull Leg, so be cautious for taking Long Positions.
Next Major Support S1 is at 1394
After that, it may take Support S2 from the Existing Trendline Support at 1370.
Next Major Support S3 is at 1341.
If it breaks that, significant downfall may be expected.
PS- I am not SEBI Registered. Views are for personal reference.
