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MULTI COMMODITY EXCHANGE OF INMM

MULTI COMMODITY EXCHANGE OF IN

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MCX trade ideas

MCX SELL OPPORTUNITY (DAILY TIME FRAME)MCX STOCK IS TRADING AROUND IT'S ALL TIME HIGH. WE CAN TRADE IT ON SHORT SIDE WITH HARMONIC PATTERN "BEARISH BAT" (AGGRESSIVE APPROACH) OR WITH DOUBLE TOP (CONSERVATIVE APPROACH). BEARISH BAT PATTERN SELL ENTRY: INR 1411.90 STOP LOSS: INR 1478.50 TARGET-1: INR 1319.50 TARGET-2: INR 1262.40 DOUBLE TOP FORMATION CONSERVATIVE TRADERS CAN WAIT FOR RETEST OF IT'S 21-JAN-2020 HIGH AROUND INR 1440 AND AFTER THAT IF MARKET HOLDS THAT HIGH WAIT FOR REVERSAL FOR SHORT ENTRY. SELL ENTRY: INR 1425-1440 STOP LOSS: INR 50 ABOVE LAST HIGH HELD (SECOND TOP OF FORMATION) TARGET-1: INR 1320 TARGET-2: INR 1185
NShort
by AMITDANGI