Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
#MCX...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
This set up works best for the MCX index chart on the-NSE 15 min or less timeframe.
Open the CCI indicator with a period of 50. MACD settings is as usual.
We buy only when the CCI 50 is above 0 and MACD cross over to the above has happened. We sell only when the CCI 50 is below 0 and MACD crossover to the below has happened.
As per my analysis, NSE:MCX is indicating reversal. My idea is to take buy entry at level of 1365 with stop loss of 1330. My expected upside target would be 1385 & 1465.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
NSE: 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...
MCX made bullish pin bar candle on daily charts & its trading above yesterday's close with good volumes.
Could be bought with mentioned stoploss & target.
Multi commodity exchange this stock is now trading in TRIANGLE pattern waiting for the clear breakout. This pattern is showing in 1hr time frame. Purely intraday strategy. This is not any call or recommendation this is my study purpose analysis.
MCX SCRIPT:
Mcx is breaking out of an important level
Stock in continuation bullish pattern
CMP Range 1635-1640
SL below 1590
Possible target 1950+
Time frame =2-4 months
- Trade Active
We 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...
