M C X MCX fut is trading inside squeezed triangle pattern & on BBands on an hourly charts with decrease in OI suggesting short covering.
Risk:Reward = 1:2
Could be bought with mentioned stoploss & targets.
Not to b missed breakout.
MCX at technical support.MCX taking support at 50% fib retracement. daily RSI presently at 60 Support with strong weekly and monthly RSI. Positive reverse divergence can also be seen. A green candle from here will confirm entry into the trade. We can trace the trade till last swing high.
MCX FUTMCX FUT made double bottom pattern on an hourly chart by breaking above 1375.25 with good OI.
Could be bought with mentioned stoploss & target.
mcx mcx channel reversal seen buy mcx above 1431 add more if get 1373 closing stoploss below 1339 target 1523-1634-1695-1841
#MCX POSSIBLE TO SELL#MCX trading 1275 formed bearish pattern,
Today trading our retracement level,
we can sell below 1260 and tgt 1230
SL: LIVE
#MCX possible to buy#MCX trading 1264.75 formed bullish pattern,
Today trading our retracement level,
we can buy above 1283 and tgt 1320
SL: LIVE
#MCX possible to buy#MCX trading 1217 formed bullish pattern,
Today trading our retracement level,
we can buy around 1200 and tgt 1240
SL: LIVE
#MCX possible to buy
#MCX trading 1403 formed bullish pattern,
Today trading our retracement level,
we can buy around 1402 and tgt for 1429
follow SL 1383
Question on MCX futuresQuestion on MCX futures
Trading in a Wedge.
Currently near resistance of 1570-1581
If sustains above it may bounce towards 1700
Todays low around 1430 should give it some support
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for MCX FUTURES is May 30, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell MCX FUTURES before May 30, 2024.