MCX SUPPORTS & INTRADAY LEVEL REPORTS
Date : 07-12-2016 Wednesday
MCX Supports & MCX Resistance Level is Daily Update Time 09:15 AM To 09:30 AM
MCX Supports : Commodity trends of major commodities are updated daily for Intraday,Short term,Medium term and Long term.Investor/trader can click on respective commodity to get the trend.Rate and analysis are based on MCX exchange.
- Pivot Point in MCX Supports A technical indicator derived by calculating the numerical average of a particular stock’s high, low and closing prices. The pivot point is used as a predictive indicator. If the following day’s market price falls below the pivot point, it may be used as a new resistance level. Conversely, if the market price rises above the pivot point, it may act as the new support level.
- Support (Buy Level) in MCX Supports A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to “bounce” off this level rather than break through it. However, once the price has passed this level, even by a small amount, it is likely to continue dropping until it finds another support level.
- Resistance (Sell Level) in MCX Supports A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means the price is more likely to “bounce” off this level rather than break through it. However, once the price has passed this level, even by a small amount, it is likely that it will continue rising until it finds another resistance level.
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