MCX facing golden raatio resistance around 892. Will favor bulls once it closes and holds above.

MCX

• Stock moving up from strong trend line support zone @ 841. Technical indicates that as long as stock holds above bulls will be favored.
• Stock also holding above 100 DMA, this indicates bulls will be favored.
• Suggested Article - Golden rules for stock trading.
• On upper side MCX will find golden ratio resistance around 892, chart indicates once stock closes and holds above 892 then further price rise can be seen in coming days. Close Watch.

MULTI COMMODITY EXCHANGE (MCX) Technical analysis

MULTI COMMODITY EXCHANGE

• Stock coming down from strong trend line resistance zone @ 923, Chart indicates as long as stock trades below bears will be favored.
• Monthy chart also indicates stock facing 50% fibonacci retracement resistance around 923, once closes above then we can see some further price rise.
• If MCX falls further from current levels then MCX will find strong support around 853, 833 and 810.

MCX trading tips, stock will favor bulls above 846.

MCX

• Stock moving up from 100 DMA, chart indicates as long as stock holds above bulls will be favored.
• Stock also facing golden ratio resistance around 846, technical chart indicates once stock closes and holds above 846 then further price rise can be seen.
• If stock moves up from current levels then MCX will find next strong resistance around 856, 876 and 895.

MCX Stock Analysis - Stock made a bullish breakout in daily charts, Will favor bulls. (Updated On 14th July 2014, Monday).

• MCX (MULTI COMMODITY EXCHANGE) had made a bullish breakout in daily chart , Technical indicates as long a stock holds above its trend line stock will favor bull, Previous resistance will now act as a major support for MCX as shown above in image 1.
• (Short term trading view) - Weekly chart indicates stock is taking strong support of its 20 weeks moving average and now trading above , which indiciates that short term trend will favor bulls as long as stock trades above its moving average. On Upper side stock will test its 38.2% fibonacci retracement resistance around 760.
• Monthly chart indicates stock now closed above and is now trading above its 23.6%  fibonacci retracement resistance , will favor bulls in monthly chart too,  Stock will now test its 38.2%  fibonacci retracement resistance around 760 as per monthly chart.
• Stock Was On News 08/07/14 - Billionaire investor Rakesh Jhunjhunwala purchased nearly 2% stake in commodity bourse MCX for over Rs 66 crore, as its erstwhile promoter  FTIL diluted its holding from 26 percent to 24 percent. According to information available with the stock exchanges.

Tips on share - MCX (multi commodity exchange) stock holding strong. (Updated On 18th June 2014, Wednesday).

• MCX trading in an up channel formation indicates once stock comes out from its formation then sharp move expecting , daily chart also indicates that stock also facing trend line resistance around 635.
• Weekly chart indicates that stock trading above 20 weeks moving average , as long as trades above will favor bulls.
• Monthly chart indicates that stock trading above 23.6% fibonacci retracement, stock to favor bulls. Close Watch.

Technical Analysis On MCX 11th April 2014

MCX has formed rectangle formation and also moving up from long trend line support as shown above , close watch charts indicates once stock breaks and if holds above its rectangle formation then can can see some action , Will have next strong resistance around 626.