MCX weekly double dojibuy as in long trend
near fibo 38% level
near support
double weekly doji
sl 1354
tgt 1639 and 1806
MCX trade ideas
MCX - Looking BullishMCX has given breakout to falling wedge pattern with a strong volume on daily timeframe and is currently retracing back to its support trendline (Earlier Resistance Trendline). Formation of reversal green candle near support line will confirm long entry.
It has the potential of reaching the target of 1800 within the next 1-2 months with a stop below 1460 levels.
MCX WEEKLY OPPORTUNITY TO INVESTMCX EQ has formed a Cup and Handle Breakout pattern on Weekly Time Frame.
The Price is currently testing the previous RESISTANCE zone which can now be interpreted as SUPPORT to go long on this stock.
The Support zone is 1360 - 1400 levels to add this to your portfolio.
Also this stock is Fundamentally Strong and well placed for Investment.
I expect this stock to hit 2000 levels by or before Jan 2022.
MCX - Multi Commodity ExchangeMCX - Stock showings signs of reversal. 5 day crossing 20 day average from below. Today green Marubuzo candle with high volumes. Stochastics bullish and ROC crossing zero from below. Buy with a target of 1700. Fundamentally sound stock with less downside risk.
MCX Daily Bearish GARTLEY
BLACK & RED HORIZONTAL LINES ARE WEEKLY & Daily S R LINES
Expecting price to touch GARTLEY zone
Sell
MCX - Bullish H&S formation, Short Term Swing TradeThe above analysis is based purely on price action & chart patterns.
The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks.
Trade setup along with Entry levels + SL & Targets are given in image itself.
Traders must do their own study before entering into any trade. They must trade with their own money & risk management.
Feel Free to comment for any suggestion or query regarding price action analysis.
Checkout my other ideas/charts to understand how chart pattern & price action works.
MCX looks good positionallyConsolidating in Flag and pole pattern. One breakout done then can go for TGT-2000,2500,3000
Keep SL as per your risk.
Note: All views are for study purpose only. Ask your financial planner for investment.
MCX looks good positionallyConsolidating in Flag and pole once breakout done then can go long for 2000,2500,3000
View ignored once pattern breakdown. Keep stoploss as per your risk.
Note: All views are for study purpose only. Ask your financial planner for any investment decision.
MCX LOOKS STRONGPLEASE SEE CHART FOR DETAILS
BUY IF SUSTAIN ABOVE : 1600
TARGET : 1800
STOP LOSS : 1570
**These are my personal observations. Please trade at your own risk.**
Mcx short sellMcx make it high on high and touch to its strong resistance so trader please aware of market in buying side risk to reward ratio is very less for sure to take sell position until it come to support
Breakout on monthly - 80% profitTrading activities are increasing during pandemic and commodities trading turnover are increasing on mcx . This is good for mcx .
Also technically it has given a clear close above breakout level on monthly chart.
I see minimum profit potential of 80% in short term for this stock
