Technicals for Multi Commodity Exchange of India Limited

Price Summary

On 2026-06-03, Multi Commodity Exchange of India Limited's stock opened at 2886.0, spiked to 2904.2, declined to 2797.5, and closed -1.82% down at 2833.6, with 3605564 shares traded.
In the 52-week period, the stock's peak price is 11136.0, and the lowest price recorded is 2191.0.

Technicals

Support and Resistance: The price sits at 2833.6, supported by 2686.0 and resisted by 2902.5. This indicates a trading range where 2686.0 provides a floor, preventing declines, and 2902.5 acts as a ceiling, limiting further price increases for MCX.


Aroon: Aroon's bearish trend remains strong, with Aroon Down consistently at the 100 level. This indicates sustained bearish momentum, but further analysis is required using other indicators to determine the trend's long-term effects.


Bol. Bands: The BOLL BANDS is currently in a neutral position for Multi Commodity Exchange of India Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.


Parabolic SAR: The PSAR continues to signal a bearish outlook, establishing a resistance level that could act as a ceiling for upward trends. This resistance suggests that the market may struggle to overcome bearish forces, keeping prices under pressure.


Stochastic: The Stochastic K-line is positioned below the D-line and sits under 20, suggesting a mildly bearish scenario. This setup indicates that the market might face some downside pressure, though the bearish signal is not particularly strong. Investors should consider this as a cautious indicator and monitor for further developments.


Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.


A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.