long mcx above 1444 we are long mcx above 1444 maintain sl below 1372 short term target-1655+ long term target - 2000+
risk - 72 points
rewards - 211 short term
rewards - 556 long term
always maintain risk to rewards
MCX trade ideas
BreakOut Candidate MCX NeartermTarget Open 1500+
PE Ratio has fallen
Mutual Funds have increased holdings from 29.63% to 30.51% in Jun 2022 qtr.
FII/FPI have increased holdings from 26.52% to 26.84% in Jun 2022 qtr.
Institutional Investors have increased holdings from 74.85% to 75.44% in Jun 2022 qtr.
MCX - EW (auto generated) suggest good risk reward on longs hereSignificant correction (>40%) from the top for a monopoly platform name
Cheapest amongst the platform stories. Should be added to portfolio here and on dips
MCXTrade setup:
Weekly: Multi-year breakout (with cup & handle pattern), consolidation and breakout again (with bullish Marubozu candlestick & huge volumes). Crossed resistance @1880 INR approx. and sustained. One can also consider flag and pole breakout pattern. Trading above 50EMA and 200EMA (sloping upwards).
Entry = CMP ie; 1922 INR (any dip until 1780 INR is a buying opportunity).
SL = low of monthly candle ie; 1600 INR
Target = 2330 INR (T1) and 2510 INR (fib level)
RR = 1.0 for T1 and 1.8 for T2
small positionthis is also same trade idea like GRSE (previous trade)
chart is 15min delayed on trading view
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
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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%
