- 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