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 trade ideas
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.
MCX, This is looking weak if this important support is brokenMCX has tested 1450 levels multiple times in last 9 months. This is very important level as it acted as resistance in past (2019-2020).
If this level is broken tomorrow and manages to close below 1445, then more fall can be expected.
How to trade this setup
1. If this opens above 1460 & cross this selling level - This is ideal case and once can initiate trade with proper risk management.
2. If this open below 1460 but above 1450 - Wait for stock to either break 1450 and sustain on 15 min before trading it.
3. If this open below 1445, wait for it to retrace atleast to 1455 before any trade is initiated.
Thanks
Piyush Gupta
Learn & Earn
Bullish Butterfly In McxBuy Mcx At Cmp 1467
Add More If Fall To 1225-1265 (Buy In Bulk)
SL - 1170 (Weekly Closing Basis)
Target - 3500/4000
mxc under selling pressureits and fast moving stock so can short 1500 call currently at 44 or else tomorrow if it opens flat we can sell the stock
in stock my tgt will be around 1400 and we can exit that shorted called around that price as well
MULTI COMMODITY EXAll detail for chat. good entry at 1540 above and sustain in day candle. and must stoploss is 1450 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
bollingerband strategy in MCXNSE:MCX
Fundamentally strong, bright future, available around lows 1500, trading at lower bollinger band--opportunity to invest.
This idea is for educational purpose only.
MCX LongChart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
#MCX #LONG TERMCompany has maintained a good ROA of 7.08% in last 3 years.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 65.65%
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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