It's looks like MCX is about to bounce ..!
MCX is at it's major support level if you view at bigger time frame ( 1 M ) from 1400 to 1464 points .Might have a bounce from here..
If you come down to lower time frame ( 4 hr ) then it looks like it had made a bullish candle pattern ( a red candle & a green doji & a green candle ) so it might goo up from here ...
It also have trend line coming from upwards which I guess it will break this time. It's been more then 120 days since it respecting that line with more then Five touches..
Rest let's see what happens..
If you come down to lower time frame ( 4 hr ) then it looks like it had made a bullish candle pattern ( a red candle & a green doji & a green candle ) so it might goo up from here ...
It also have trend line coming from upwards which I guess it will break this time. It's been more then 120 days since it respecting that line with more then Five touches..
Rest let's see what happens..
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