Navigation
”play

MCX gold has given flag-chart pattern break-out on the one-hour chart

As one can see from the adjacent chart, MCX gold has given flag-chart pattern break-out on the one-hour chart. Oscillator (5-35) valued 345 with a bullish grip and false bar is at above 75 levels on stochastic both suggests bullishness on the counter. Firstly, yellow metal’s given triangle break-out and then flag pattern break-out (continuation pattern) both with huge volume strongly suggests bullishness on the commodity. On dips till Rs.26,500-Rs.26,400 one can buy for an upside target of Rs.26,800-Rs27,000. Trade below Rs.26,150 will negate a bullish view.
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: