MCX - Looking Bullish
MCX has given breakout to falling wedge pattern with a strong volume on daily timeframe and is currently retracing back to its support trendline (Earlier Resistance Trendline). Formation of reversal green candle near support line will confirm long entry.
It has the potential of reaching the target of 1800 within the next 1-2 months with a stop below 1460 levels.
It has the potential of reaching the target of 1800 within the next 1-2 months with a stop below 1460 levels.
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