#VGMPick – MCX

[nishshkumarjaani@gmail.com]

#VGMPick – MCX

MCX has been a strong VGM outperformer since April 2024 when it gave a Double Top Buy (DTB) in RS above MAST at 3000. Since then, the stock has appreciated 125%, significantly outperforming the Nifty500.

Current Structure:

Running DTB in RS

Price & RS both strong with bullish continuation patterns

On a close above 9262, vertical counts project 17746
No guessing on “aur kitna jayega” – we let charts guide us instead of emotions

Allocation Strategy:

50% on PCR confirmation

50% on DTB with DBS as Risk Management
We don’t predict where the stock will top out. Instead, we follow the structure and let the charts decide the journey.

Nishesh Jani,CFTe

#VGM #TechnicalAnalysis #RSCharts #MCX #SmartInvesting #ChartsOverNoise #BullishBreakout #TrendFollowing #nisheshjani #AhmedabadNest