MCX POTENTIAL BULLISH GARTLEY H-1MCX STOCK CHART IS FORMING POTENTIAL BULLISH GARTLEY FORMATION ON H-1 CHART.
ENTRY BUY: INR 988.25
STOP LOSS: INR 932.70
TARGET-1: INR 1057.70
TARGET-2: INR 1100
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
MCX 890 || SHORT || INTRADAYSELL below 890 SL 892
Targets 888, 885, 880, 875, 870
OR
MCX 26SEP 880 PE (₹ 37.90)
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
