MCX FUTURES trade ideas

TORTOISE_MS Updated 

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.

harit17

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.

TORTOISE_MS Updated 

MCX FUT made double bottom pattern on an hourly chart by breaking above 1375.25 with good OI. Could be bought with mentioned stoploss & target.

slkingyogesh Updated 

mcx channel reversal seen buy mcx above 1431 add more if get 1373 closing stoploss below 1339 target 1523-1634-1695-1841

SkandhaTrading

#MCX trading 1275 formed bearish pattern, Today trading our retracement level, we can sell below 1260 and tgt 1230 SL: LIVE

SkandhaTrading

#MCX trading 1264.75 formed bullish pattern, Today trading our retracement level, we can buy above 1283 and tgt 1320 SL: LIVE

SkandhaTrading

#MCX trading 1217 formed bullish pattern, Today trading our retracement level, we can buy around 1200 and tgt 1240 SL: LIVE

SkandhaTrading

#MCX trading 1403 formed bullish pattern, Today trading our retracement level, we can buy around 1402 and tgt for 1429 follow SL 1383

Singh_Siddz

Question 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