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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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