Overall Technical outlook

Price Summary

Multi Commodity Exchange of India Limited's stock saw a 3.06% increase, showcasing an robust market day.
On 2026-03-02, Multi Commodity Exchange of India Limited's stock opened at 2427.0, spiked to 2534.3, declined to 2425.3, and closed 3.06% higher at 2501.2, with 5390220 shares traded.
Over the past year, the stock's highest price was 11136.0, and its lowest was 2191.0.
10 analysts forecast that the price of MCX will range from 1800.0 to 3000.0, with an average expected price near 2410.42.

Technicals

Support and Resistance: The current price sits at 2501.2, supported at 2470.7 and capped by resistance at 2686.0. These levels define a range for MCX where the price might stabilize, with 2470.7 as a floor and 2686.0 as a ceiling.
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Support/Resistance for MCX


Aroon: The AROON indicator is pointing to a robust bullish trend, as the Aroon Up has risen and the Aroon Oscillator has reversed. These movements suggest a reversal to an upward trend, indicating increased market optimism. Investors might anticipate further upward momentum, as the AROON's signals are typically reliable indicators of sustained bullish activity.
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Aroon chart for Multi Commodity Exchange of India Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Bolinger Bands chart for Multi Commodity Exchange of India Limited


Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Multi Commodity Exchange of India Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited


Stochastic: The stochastic indicator signals a bullish outlook, with the K-line above the D-line and the 80 threshold. This configuration points to strong upward momentum, implying that the market may continue to rise. Investors might see this as a positive indication of potential upward movement.
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Stochastic chart for Multi Commodity Exchange of India Limited


Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the slopes of the faster averages raise the possibility of a reversal for MCX. The weakening momentum in these shorter-term averages hints that the upward trend might be losing strength, suggesting that caution may be warranted.
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Tripple SMA chart for Multi Commodity Exchange of India Limited


The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.