MCX is on the verge to form Cypher / Shark with following targets possible
5400 - 5200 (200 EMA) - 4800 - 4700
In worst case it can go up to 4500 / 4200
Consider 5800 or 20 EMA is resistance / SL.
5400 - 5200 (200 EMA) - 4800 - 4700
In worst case it can go up to 4500 / 4200
Consider 5800 or 20 EMA is resistance / SL.
Trade active
Target1&2 achieved. It has closed below 200 EMA down side targets possible now.Note
Target reached 4500....It has potential for 4200
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.