MCX trade ideas
MCX Holding Above 1385 Looks good for Breakout
MCX above 1385 can give good up-move minimum 1600++++ Levels
All Investment Banking & Securities stocks are on the radar for a long.
SHORT TERM POSITIONAL MCXMCX is given breakout on a larger time frame. MCX buy above 1401, CMP 1431. Target-1448, 1467, 1485,115,1537
SL below 1321 or 1355.
As MCX breakouts on smaller timeframe also, you can take position at CMP. If it falls till 1400, then accumulate in triangle pattern. After that wait for target or SL. Novice trader, please keep your position size small.
MCX LONG (Positional)Long - above 1400
If price came near 1400- 1410-1420 add quantities
Stoploss - 1350
Target - 1600 to 1640
Risk Reward - 1:3 to 1:4
MCX a Long OpportunityI was looking at MCX on the 1h TF and observe that price has crossed the cheap entry zone as per the ProTrader script. I have seen that on many occasions, when the levels are drawn, price attempts to reach at least the first marked level. I think this time also it will do so.
For the curious, the levels are based on Fibonacci sequence and are automatically plotted by the ProTrader script.
Let's see how it works out.
MCXMCX made butterfly pattern on daily chart with decent volumes,,
Could be bought with mentioned stoploss & targets.
MCX LONG Falling Wedge Pattern
With a target Price of 1835 and SL of 1348
Which is 27% Returns Which can expect in next 3 months time
Stock is in a great Key level
Stock is one of the largest holdings with DII
#MCX #Priceaction # MCX 1W: Retested BO. Forming a channel. Trying to bounce from oversold zone. Good to watch whether it is cat bounce or bounce to go further dip. Bias is Neutral.
MCX BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
MCX Long chartAs per price action, now at best RR. It is a falling wedge pattern and CMP, we can see a good support
MCXNSE:MCX
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
mcxRevenue from operations in Q3 FY22 decreased by 11.3% to Rs 89.6 crore and net profit decreased by 52% to Rs 34.5 crore. Average daily turnover (ADT) of commodity futures contracts traded on the exchange decreased by 24.9% to Rs 24,556 crore in Q3 FY22
MCX for Swing.Buy only small qty if market is not stable.
Can keep booking partial for the given targets.
rounding bottom formationkeep an eye on the stock it may , above 1880 it may run for next journey . vol rising ., enter 25% on breakout above 1880 rest on pullback . sl - 5%
mcx showing bullish sign on daily,3hr time framemcx currently tradind at 1922 level forming cup & handle pattern,best time for entry after retesting 1855 level for swing and also option with strict stoploss
MCX trendline bounce. Good long term buy (long term)MCX held on to the uptrend line in the current dip
Good long term buy stock
MCX inside candle tradein mcx prices weekly time frame prices are floating from very long time in a inside candle i have highlighted everything
target is 2100 and sl is 1400 best of luck
