October 24, 2018
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MCX SUPPORTS & INTRADAY LEVEL REPORTS

Date : 16- Oct – 2018 Tuesday

SymbolS1S2S3PIVOTR1R2R3
SymbolS1S2S3PIVOTR1R2R3
ALUMINIUM149.3149148.6150.8151.4152.1153.3
COPPER453.9453451.6459.4460.2461.1462.5
CRUDEOIL5234522352065279531153225386
GOLD31870318173173832069322623231532394
LEAD152.7151.5149.4154.2155.8156.3157
NATURALGAS236.5235.7230.9238.4241.7242.5243.8
NICKEL918.7916.7904.9931.2932.9935938.1
SILVER38873387863854639171393763943339761
ZINC192.3191.7190.9195.7196.1196.7200

MCX Supports & MCX Resistance Level is Daily Update Time 09:15 AM To 09:30 AM

mcx supports

mcx supports & intraday level

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.

IMPORTANT OF MCX SUPPORT LEVEL IN TRADING FOR COMMODITY

Support and resistance analysis is an important part of trends because it can be used to make trading decisions and identify when a trend is reversing. For example, if a trader identifies an important level of resistance that has been tested several times but never broken, he or she may decide to take profits as the security moves toward this point because it is unlikely that it will move past this level.

Support and resistance levels both test and confirm trends and need to be monitored by anyone who uses technical analysis. As long as the price of the share remains between these levels of support and resistance, the trend is likely to continue. It is important to note, however, that a break beyond a level of support or resistance does not always have to be a reversal. For example, if prices moved above the resistance levels of an upward trending channel, the trend has accelerated, not reversed. This means that the price appreciation is expected to be faster than it was in the channel.

Being known to these important support and resistance points should affect the way that you trade a stock. Traders may avoid placing orders at these major points, as the area around them is usually marked by a lot of volatility. If you feel confident about making a trade near a support or resistance level, it is important that you follow this simple rule: do not place orders directly at the support or resistance level. This is because in many cases, the price never actually reaches the whole number, but flirts with it instead.

So if you’re bullish on a stock that is moving toward an important support level, do not place the trade at the support level. Instead, place it above the support level, but within a few points. On the other hand, if you are placing stops or short selling, set up your trade price at or below the level of support.

One can get perfect and sure movement margin of any Commodity Element to Trade in Mcx Commodity market using Support & Resistance Level report.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.
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