MCX SETUP
Parameter Value
Entry-1 2709
Entry-2 2435
Average Entry 2572
Stop Loss 2360
Target 3489
Risk 212 Points
Reward 780 Points
R:R 3.7
Risk Formula
RR=
2572−2360
3489−2572
This gives an effective reward-to-risk profile close to 3.7:1, which is attractive for a positional setup.
Key Observations
✅ WBUFL = 2709
✅ DBUFL = 2709
✅ Monthly demand zone is acting as the primary support.
✅ Daily structure is supported by a cap, indicating buyers are defending higher levels.
✅ Higher timeframes remain firmly bullish.
✅ Gann analysis indicates further upside potential.
trading Strategy
Aggressive Approach
Buy near 2709
Maintain SL at 2360
Hold for 3489
Conservative Approach
Accumulate only on dips toward 2435–2387
This improves reward-to-risk significantly while keeping the bullish structure intact.
Final Verdict
MCX remains a high-conviction bullish setup.
Trend alignment: ⭐⭐⭐⭐⭐
Demand zone support: ⭐⭐⭐⭐⭐
Risk/Reward: ⭐⭐⭐⭐
Position trade quality: ⭐⭐⭐⭐⭐
As long as 2360 is not violated on a closing basis, the path of least resistance remains upward toward 3480–3490. The strongest buying area remains 2435–2360, while 2709 is the momentum continuation level.
Capital Deployment
Metric Value
Quantity 500
Buy Value 1,286,000
Brokerage & Taxes 6,304
Net Profit Potential 383,696
Net Loss Potential 112,304
Net R:R 3.42
Parameter Value
Entry-1 2709
Entry-2 2435
Average Entry 2572
Stop Loss 2360
Target 3489
Risk 212 Points
Reward 780 Points
R:R 3.7
Risk Formula
RR=
2572−2360
3489−2572
This gives an effective reward-to-risk profile close to 3.7:1, which is attractive for a positional setup.
Key Observations
✅ WBUFL = 2709
✅ DBUFL = 2709
✅ Monthly demand zone is acting as the primary support.
✅ Daily structure is supported by a cap, indicating buyers are defending higher levels.
✅ Higher timeframes remain firmly bullish.
✅ Gann analysis indicates further upside potential.
trading Strategy
Aggressive Approach
Buy near 2709
Maintain SL at 2360
Hold for 3489
Conservative Approach
Accumulate only on dips toward 2435–2387
This improves reward-to-risk significantly while keeping the bullish structure intact.
Final Verdict
MCX remains a high-conviction bullish setup.
Trend alignment: ⭐⭐⭐⭐⭐
Demand zone support: ⭐⭐⭐⭐⭐
Risk/Reward: ⭐⭐⭐⭐
Position trade quality: ⭐⭐⭐⭐⭐
As long as 2360 is not violated on a closing basis, the path of least resistance remains upward toward 3480–3490. The strongest buying area remains 2435–2360, while 2709 is the momentum continuation level.
Capital Deployment
Metric Value
Quantity 500
Buy Value 1,286,000
Brokerage & Taxes 6,304
Net Profit Potential 383,696
Net Loss Potential 112,304
Net R:R 3.42
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.