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MCX
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Multi Commodity Exchange of India Real
Long term
Buy
GrowthBreakoutCommodity ExchangeCup & handle — Breakout
Unrealised P&L
+₹277
+0.81% Stop
3,128.00
Entry
3,400.00
Last
3,427.70
Target
4,077.60
Charges so far
₹40
entry order · exit charges come later
R multiple
—
risk ₹2,720 (8.0% of entry)
Position value
₹34,000
10 shares
Held
4 days
24 Sep 2026
Plan & position
Entry3,400.00
Quantity10
Pivot / trigger3,398.00
Initial stop3,128.00
Current stop3,128.00
Max SL3,128.00
Target4,077.60
RR ratio2.49
Average exit—
Exit value—
Context at entry
MotiveGrowth
ZoneBreakout
SectorCommodity Exchange
Candle pattern—
Volume confirmationYes - 4.13M vs 2.15M 50d avg (+92%)
MarketCORRECTION
RS rating85
Base stage3
EPS (quarter)+103%
Sales (quarter)+141%
ROE47%
Rulebook checklist · 6 of 8
✕Market verdict is Confirmed uptrend (rule A)
✓Price above 50 > 150 > 200-day MA, 200-day rising (B1)
✓RS 80+, within 25% of the 52-week high (B2)
✓Quarterly EPS +25%, sales +20%, ROE 15%+ (B3)
✕First or second base with a clear pivot (B4)
✓Within 5% of the pivot, volume 40%+ above average (C)
✓Stop at most 8% below entry, GTT placed (D)
✓Sized so the stop loses at most 1% of capital (E)
Taken against
⚠ Market CORRECTION (9 distribution days)⚠ Late-stage base (stage 3)
⚠ Market CORRECTION (9 distribution days)⚠ Late-stage base (stage 3)
Journal
Why I took it
Bought +0.06% past the pivot. Taken against two of the system's own flags: market in CORRECTION with 9 distribution days, and a stage 3 base. Fundamentals strong — EPS +103% quarterly, sales +141%, ROE 47%, RS 85.
Sized down deliberately rather than skipping: 10 shares against the rulebook's 18, intended as a one-third probe to test whether the other six criteria can carry a trade when market and base stage are against it. Actual risk ₹2,720 = 0.54% of capital, versus ₹4,896 = 0.97% at full size — that is 56% of full risk, not the one third intended. A true one-third probe would have been 6 shares (₹1,632, 0.32%). Note for next time: size the probe off risk, not off rupees, since the 8% stop is the widest permitted and skews the two apart.
Breakout day confirmed on volume: 4.13M vs 2.15M 50-day average (+92%), closed 3,427.70, 60-day high. Test is only worth running if the outcome is logged and allowed to move the rule.
Broker check (Groww, 24 Sep): one order only — Delivery · Limit, Buy 10 @ ₹3,400.00, filled 09:38 AM on NSE. Holdings confirm avg ₹3,400.00, LTP ₹3,427.70, +₹277.00. Important caveat on rule C: the +92% volume is the full-session figure. At 09:38, 23 minutes into the day, it was not knowable — the box is satisfied in hindsight, not at entry. A GTT/trigger stop could not be verified at the broker; confirm the 3,128 stop actually exists as a live order.
Post-exit comment
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Notes
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