MCX📌 Trade Setup Summary
Parameter Value
Entry 7145
Stop Loss (SL) 6252
Risk 893
Reward 2640
Target 9785
RR 3.0
This gives a favorable Risk-Reward Ratio (RRR) of 3.0, which aligns with high-quality trades.
The MCX (Multi Commodity Exchange) trade plan analysis you've shared reflects a strong bullish bias across all timeframes (HTF, MTF, and ITF). Here's a concise breakdown and interpretation:
🔍 Multi-Timeframe Analysis Summary
All trends are UP from Yearly to 60-Min charts:
✅ HTF (High Timeframe) Demand Zones
Strong demand seen from Yearly (3131 avg) to Quarterly (3945 avg).
HTF Average Demand Zone: 3674
✅ MTF (Mid Timeframe) Demand Zones
Zones progressively increasing:
📈 Technical Observations
Entry Point (7145) aligns with ITF demand—a strong confirmation.
Stop Loss (6252) is just below a significant weekly demand zone (6252–6706) — a reasonable buffer.
Target (9785) is near a probable supply zone (not shown), but represents RRR=3.
Recent High (7048) has been breached, suggesting momentum continuation.
🧠 Inference
All timeframe demand zones support a BUY bias.
You are entering at the edge of the intraday demand, which could lead to early breakout or minimal drawdown.
High conviction setup with:
Trend alignment ✅
Multi-zone confluence ✅
Attractive RR ✅
✅ Next Steps
Monitor price action near 7145 to ensure confirmation (e.g., bullish candle, volume spike).
Trail SL once price crosses 7048 to protect gains.
Keep an eye on market news or global commodities data impacting MCX sentiment.
Monthly Avg: 4377
Weekly Avg: ~5554 (includes higher demand zone at 6706–6252)
Daily Demand: 6970–6560
MTF Average: 5563
✅ ITF (Intraday Timeframe) Demand Zones
Tight cluster of demand at 7145–7057 (Avg: 7101)
