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kalyanganguly

MCX - Bullish reversal from support

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MULTI COMMODITY EX (NSE:MCX)  
kalyanganguly  
NSE:MCX   MULTI COMMODITY EX
Trend Analysis Chart Patterns Technical Indicators MCX mcxindia
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trendanalysis chartpattern indicator mcx mcxindia
Note: This is for educational purpose only.

There seems to be a bullish reversal from trendline support which coincides with 200 moving average. Moreover, the reversal volume matches with the selling volume which mean demand is more at support. Hence, the current bullish candle engulfs the large bearish candle. There seems to be a RSI breakout as well.

SL: 1445₹
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