MCX - Multi Commodity Exchange (Daily chart, NSE) - LongMCX - Multi Commodity Exchange (Daily chart, NSE) - Long Position; short-term research idea.
Risk assessment: Medium {volume structure integrity & volatility risk}
Risk/Reward ratio ~ 4.25
Current Market Price (CMP) ~ 5930
Entry limit ~ 5925 to 5775 (Avg. - 5850) on April 25, 2025
1. Target limit ~ 6201 (+6%; +351 points)
2. Target limit ~ 6700 (+14.53%; +850 points)
Stop order limit ~ 5650 (-3.42%; -200 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
MCX trade ideas
MCX LONGMCX
MTF Analysis
MCXYearly Demand 3,344
MCX 6 Month Demand 4,270
MCXQtrly Demand BUFL 4,270
MCXMonthly Demand 6,035
MCXWeekly Demand 5,422
MCX240 M Demand 5,718
MCX DAILY Demand 5,689
ENTRY -1 Long 5,689.0
SL 6,165.0
RISK -476.0
Target as per Entry 8,584.0
RR -6.1
Last High 7,048.0
Last Low 5,512.0
ENTRY -2 Long 5,422.0
SL 6,165.0
RISK -743.0
Target as per Entry 8,584.0
Last High 7,048.0
Last Low 5,512.0
MCX: A new beneficiary after regulationStrength looks pretty good. Even Relative Strength compared to Nifty.
CMP looks for good entry level, with day low for SL if you are interested in short term swing.
If you are interested in long term then maybe you should wait for a bit cheaper price, around swing low but it does not seem like it will reach soon. Better wait for good price if you are entering long term.
RETEST DONE NOW CONTUINING UPMOVE - MCX FOR YOUEverything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
I focus on simplifying equity markets through technical analysis. On Trading View, I share easy-to-understand insights to help traders and investors make better decisions.
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MCX S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
MCX bullish; above 3985 ? - Friday 12th Apr.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Hedge Trade Strategy in $NSE:MCX
Dear Followers,
I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock NSE:MCX I have been monitoring.
Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 2850-2840 level then possibly we can see 2730-2690 level so if you are ready to take Risk then I have 2 Strategies For Month Of November Series that we can Deploy.
1)Buying an Option
Strike Rate= 2760 PE
Buy Price= 21-22
Stop Loss= 13
Target = 30,35,43
Time Frame 4-6 Days
Investment = 8800
maximum Loss= 3600
Profit Upto = 8400
2) Hedge strategy
Stock Name- NSE:MCX1!
Future Entry Level - 2845
Future Stop Loss Level- 2900
Future Target Level- 2690
Option Level- Buy 2860 CE
Investment = 16500
Maximum Loss = 17000
Profit Upto = 63000
Best Regards,