MCX 890 || SHORT || INTRADAYSELL below 890 SL 892
Targets 888, 885, 880, 875, 870
OR
MCX 26SEP 880 PE (₹ 37.90)
MCX trade ideas
MCX Manipulation BetThis stock has no future as NSE is about to offer Commodities. No one will use MCX. Either it will get acquired or it will get RCOMed. But currently looking at volume it looks like it is building up with speculative volume.
Let's short first and keep a SAR (Stop And Reverse) because if stop-loss triggers, it will be massive long buildup looking at previous buildup.
MCX.BUY IF BREAKS PREVIOUS HIGH AND KEEP 885 AS SL. WAVE IS EXTENDED. WAVE C IS UNCLEAR RIGHT NOW. WILL UPDATE IF THINGS CLEAR OUT.
MCXThe stock seems to be breaking out of a good Cup and Handle pattern with good volumes. Further strength can be seen coming in the coming period. As always maintain a SL to your entry if considered! :)
#MCX heading to 1607MCX on 2 Month chart showing bounce of 38.2% fib and has started wave 3.
Long term target is 1607.
MCX trend reversal after making triple top MCX shows a good trend reversal after making a triple top pattern
1) 760 could be a possible best entry with a target of 840 with stop loss of 700
2) It could also test a target of above 940 in 2 to 3 months period
Regards
Dinesh
mcx poised for break outmcx is poised for break out can move ahead around 1246 levels in comming days
