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MULTI COMMODITY EXCHANGEMULTI COMMODITY EXCHANGEMULTI COMMODITY EXCHANGE

MULTI COMMODITY EXCHANGE

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MCX trade ideas

MCX - Stock AnalysisMulti Commodity Exchange of India Ltd. (MCX) is displaying a strong technical and fundamental profile, making it an attractive option for investors. From a technical perspective, the stock exhibits several positive signals. The PriceVol indicator is "Mild Bullish," cautioning that while the price has been rising, the volume may not fully support this trend. The HighLow indicator is "Bullish," indicating that the stock has made a new one-year high. The one-day analysis is "Mild Bullish," with the latest tick showing a mild price rise. It's advised to keep a close eye on the volume. The Parabolic SAR (PSAR) is "Bullish" with a bullish crossover and is sustaining the trend. The KeltnerBand, DonchianBand, MAEnvelopeBand, HighLowBand, MAChannelBand, RsiSmooth, ADX (Average Directional Index), and HighLowMABand all exhibit "Strong Bullish" signals, indicating positive breakouts and strong trends. Candlestick patterns on the daily, weekly, and monthly charts all reflect "Bullish" sentiment, highlighting positive market sentiment. From a fundamental perspective, MCX demonstrates several strengths. The company's Book Value has been trending upward over the last three years, indicating a strong financial position. There is excellent net margin performance over the last three years, reflecting healthy profitability. MCX is earning an excess return, and all key Trailing Twelve Months Margins have grown by 15%. The Piotroski F Score is at a stable value of 4.0, suggesting sound financial health. The company maintains a good net margin of 23.10%, indicating strong profitability. However, it offers a very low dividend yield of 0.820%, indicating a preference for reinvesting profits for growth. MCX has achieved annual sales growth for three consecutive years, and quarterly sales over the last five years are trending upward. Additionally, there is a steady increase in Total Assets over the last three years, reflecting the company's consistent growth and financial stability. In summary, Multi Commodity Exchange of India Ltd. (MCX) presents an appealing investment opportunity with strong technical and fundamental indicators. The stock's bullish technical signals, combined with its robust financial performance, make it an attractive choice for investors seeking growth potential in the market. Nevertheless, investors should stay vigilant and monitor both technical and fundamental developments for a comprehensive understanding of the stock's potential. Go Long above 2447.10 Stop Loss 2191
NSE:MCXLong
by ruelfernandes
MCX ANALYSIS SWING-LONGPleasure to have you here. This is an investment analysis done for the Tickr, and potential in the Technicals. In this Daily Chart , the chart has been slightly in uptrend and as soon as it crosses its resistance, we will decide to make a position in the stock, if you like the idea please like the post :) It will be a motivation to further such ideas. Disclaimer Note:- 1) This is just an analysis setup and no advice to trade/trade 2) If you are making position, please have your risk to reward analysis and then enter. 3) The analysis and target shared does not mean i trade in them, entry and exit depends on the market open and other factors.
NSE:MCX
by dheerajprakash057
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
Wyckoff Phases in PracticeWe all know that market moves in Phases. The four most popular phases are – 1️⃣Accumulation 2️⃣Markup 3️⃣Distribution and 4️⃣Markdown Mr. Wyckoff analyzed these phases further, esp . Accumulation and Distribution, to understand the price behavior for potential opportunities to trade/invest in the market. In this tutorial I am going to have a brief discussion about Accumulation-sub-phases of the market with the help of an example that I came across today. ✅Phase A 🚩This phase is preceded by a major downtrend. 🚩Begins with a selling climax ( SC ) - Large down bars with abnormally high volume (see B). 🚩SC is followed by the largest rally in the major downtrend, associated with good buying volume . This Automatic Rally (AR) represents the change in character (ChoC) of the market - buyers taking over. 🚩Market retest the level B with a lower volume (supply) – Secondary Test (see D). ✅Phase B 🚩Usually the longest phase. 🚩Higher volume during rallies (eg. E) and lesser during retracements. 🚩Even if volume is high during retracements, price fails to make new lows. 🚩More secondary tests (see F) held at the support zone (B and D). 🚩Market consolidates testing supply and demand with no particular direction – Consolidation. ✅Phase C 🚩This phase is the smallest but the most important. 🚩Usually ends with a Spring (not in the above case). 🚩You would often see final shakeout of weak buyers in this phase. Price would dip underneath the support zone (B, D and F) and reverse sharply back above support. 🚩Perhaps the best time to enter for those who like to take low risk high probability trades. 🚩In the above case, point G was just another test of support Zone. ✅Phase D 🚩You would see swift action in this phase. Wide up bars (with high volume ) and small down bars (with low volume ) -Sign of Strength. 🚩This also represents the change in character, which now differs from the consolidation phase. 🚩ChoCh - Notice two blue rectangles and the price action in them. The action differs vehemently from the previous phases - wide bars with ease of movement. 🚩Price breaks the resistance zone (in most cases resistance would be the high of automatic rally). 🚩It again retests (after breakout) this resistance which now starts acting as support. This is called the Backup action. 🚩Further (re)accumulation can be seen here in many cases. 🚩This is perhaps the best time for those who like to enter after confirmation (A higher high; break of resistance; price jumping outside the range) ✅Phase E 🚀Accumulation is over and a trend is established - Markup phase Not all bear markets end up with these accumulation-sub-phases. You may often see V-shaped recoveries just like what we experienced after March 2020 lows. But you will surely find some stocks or markets that moved in line with Wyckoff phases. Thanks for reading. Do like and comment. 📣Disclaimer: The views are personal only. Apply your own due diligence before making your investment decisions.
NSE:MCXEducation
by Bravetotrade
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