MCX SUPPORTS & INTRADAY LEVEL REPORTS
Date : 27-01-2017 Friday
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.
Note: MCX Supports Please read our DISCLAIMER before using this site. These are just few parameters of a commodity selected by a computer program .In no circumstances it should be used or considered as an offer to sell or a solicitation of any offer to buy or sell the Securities mentioned in it. If you select any of these Script for your trades or investment, you do so at your own risk and we are not responsible for any loss or damage arising from your decision.