MCX – Bullish Breakout Near Key Resistance

📊 MCX – Bullish Breakout Near Key Resistance
The stock is showing strong bullish momentum after a falling-wedge breakout, with price holding above key support and moving toward resistance.
🔎 Technical View:
• Falling-wedge breakout
• Strong upward momentum
• Price above ₹3,400 support
• RSI around 64, supporting positive momentum
• Higher highs & higher lows visible
🔑 Key Levels:
• Support: ₹3,400 – ₹3,191
• Major Support: ₹3,077
• Resistance: ₹3,500 – ₹3,608
🚀 Targets:
• ₹3,500
• ₹3,608
• ₹3,817+
📉 Risk:
Break below ₹3,191 may weaken the setup.
📈 View:
Sustained move above ₹3,500 can support further upside toward higher targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊