MCXMulti Commodity Exchange of India LimitedNSE:MCXpradyammmMCX SETUP ParameterValue Entry-12709 Entry-22435 Average Entry2572 Stop Loss2360 Target3489 Risk212 Points Reward780 Points R:R3.7 Risk Formula RR= 2572−2360 3489−2572 This gives an effective reward-to-risk profile close to 3.7:1, which is attractive for a positional setup. Key Observations ✅ WBUFL = 2709 ✅ DBUFL = 2709 ✅ Monthly demand zone is acting as the primary support. ✅ Daily structure is supported by a cap, indicating buyers are defending higher levels. ✅ Higher timeframes remain firmly bullish. ✅ Gann analysis indicates further upside potential. trading Strategy Aggressive Approach Buy near 2709 Maintain SL at 2360 Hold for 3489 Conservative Approach Accumulate only on dips toward 2435–2387 This improves reward-to-risk significantly while keeping the bullish structure intact. Final Verdict MCX remains a high-conviction bullish setup. Trend alignment: ⭐⭐⭐⭐⭐ Demand zone support: ⭐⭐⭐⭐⭐ Risk/Reward: ⭐⭐⭐⭐ Position trade quality: ⭐⭐⭐⭐⭐ As long as 2360 is not violated on a closing basis, the path of least resistance remains upward toward 3480–3490. The strongest buying area remains 2435–2360, while 2709 is the momentum continuation level. Capital Deployment MetricValue Quantity500 Buy Value1,286,000 Brokerage & Taxes6,304 Net Profit Potential383,696 Net Loss Potential112,304 Net R:R3.42