MCX Consolidating since 5 months.
Check the attached link.
After giving a good run up from 1300 levels Stocks is consolidating above previous all time high. Whenever it breaks the box it will give a sharp move.
As the stock is trading in lower half of the box. RR is favorable.
Good volume activity in last few days, strong green bodied candles with volumes in last few days.
View negates below demand zone marked.
Not a Tip/Recommendation
After giving a good run up from 1300 levels Stocks is consolidating above previous all time high. Whenever it breaks the box it will give a sharp move.
As the stock is trading in lower half of the box. RR is favorable.
Good volume activity in last few days, strong green bodied candles with volumes in last few days.
View negates below demand zone marked.
Not a Tip/Recommendation
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