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MCX

MCX - Bullish Swing ReversalNSE: MCX is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:MCXLong
by BrahmaBull31
Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ . However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
MCX:SILVER1!
by freestocktips
Gold Futures at critical resistance.Gold futures is at INR 52352. Critical resistance for Gold is at INR 52585. Crossing INR 52585 looks little difficult and Gold will have to struggle a bit. Once the level of INR 52585 is crossed and the futures close above it the target for Gold will be INR 53637. Above INR 53637 the trench between INR 55005 to INR 55806 will be the one of the most difficult trench of a resistance to cross. The most important support for Gold is at the trench between INR 51255 and 50180. Long term target for Gold can be at INR 59438 time frame 12 to 16 months.
MCX:GOLD1!Long
by Happy_Candles_Investment
SHORT CRUDE POSITIONALCrude on mcx , is forming a text book rising wedge pattern. which has bearish implication when gives a breakdown from the lower upward sloping trendline. watch out for your long. theory: 1)there should be an strong uptrend in the asset and should make a peak on a higher volume . 2) and then the price action forms a wedge type pattern and tries tries to retest or break the previous highs, but generally the volumes are low or decreasing within the wedge formation. 3)when there is a breakdown from wedge formation, there is a good steep fall, and if there is pullback near the breakout level the fall would continue for next 5 to 10% or more, depending on the assets nature. keep your longs in check. and keep stops on longs tight.
MCX:CRUDEOIL1!Short
by yashi09radia