Thursday, 15 March 2018

STAR SHINES AS PREDICTED ON 12 MARCH POST



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"BUY mcx ABOVE 817 TGT 838/850 SL 780"



Primary trend of the MCX  is bullish for now and  After showing correction from the higher level of 1249, now stock is trading in short term recovery phase, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 817; as the stock is managing to trade above its 22 &55 moving averages with the RSI of 62, one may expect the targets of 838/860 in the stock if it manages to sustain above the immediate strong support level of 800. 876 level is seen as a strong resistance.
DAILY CHART FOR MCX

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