MCX giving good opportunity to invest or positional trading.
Fundamentally very strong Multi commodity exchange printed a flag and given a very big breakout with volume that is reliable.
Entry range 1550-1650
Targets - 1850 | 2150 | 2660
Targets are based on fibonacci retracement.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
- MCX is almost debt free.
- MCX has delivered good profit growth of 20.31% CAGR over last 5 years
- MCX has been maintaining a healthy dividend payout of 65.72%
- Flag breakout on weekly time frame
- Rsi breakout on daily and weekly charts
Entry range 1550-1650
Targets - 1850 | 2150 | 2660
Targets are based on fibonacci retracement.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
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