MCX - relative outperformance

Aug 29, 2023

- as the index made a new on 25th Aug, MCX made a higher low, mostly just consolidated on lower volumes

- volume patterns in recent times are extremely bullish, wide range candles on upside, with massive volumes

- volumes on the recent pullback are very low, indicating no institutions are exiting

- low risk entry around 1620, with at 1575, about 2.75%

- chances are high for this trade to not work in current market environment, but risk reward can be really good if this trade works

Aug 30, 2023

Trade active

Sep 1, 2023

Trade active

excellent follow through, massive volumes coming in, trail moved to cost

Sep 12, 2023

Note

with mid and small cap indices being over extended and seeing good correction, money is moving towards the safety of large caps. i will cut strictly if price comes back near to buy price. for those who want a safer approach, can book half now and remaining half at cost

Sep 25, 2023

Trade active

one of the strongest stock in a weak general market. trail now moved to 1700

Sep 28, 2023

Trade active

for the traders who book out on strength, now is a good time to book out half, 30% move, RR of more than 10:1. for traders willing to give back some portion of gains in order to play for a bigger move, keep trailing. i personally am booking out 35% of my size

Sep 29, 2023

Trade closed manually

completely out now