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Technicals for Multi Commodity Exchange of India Limited
By MusingTheNews
2025-07-16 20:46
Overall Technical outlook
Price Summary
2025-07-16, saw MCX's stock open at 8323.0, hit a peak of 8400.5, fall to a low of 8263.0, and close up 0.69% at 8380.5, with 521782 shares changing hands. The stock's peak price over the last 52 weeks is 9060.5, with the lowest being 3805.8. The future price of MCX is anticipated to range from 3400.0 to 7250.0, with an expected mean price of 6133.125, according to the recommendations of 8 analysts.
Technicals
Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Aroon chart for Multi Commodity Exchange of India Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Bolinger Bands chart for Multi Commodity Exchange of India Limited
Parabolic SAR: The PSAR maintains its bearish stance, setting a strong resistance level that could limit any potential upward movement. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for Multi Commodity Exchange of India Limited. Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited
Stochastic: The current reading of the STOCHASTIC is neutral for MCX, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Stochastic chart for Multi Commodity Exchange of India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned in a bearish pattern, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that the bearish momentum for MCX may be fading. This could signal a potential shift towards bullish price action, as the market's downward trajectory begins to lose strength and prepares for a possible reversal. Tripple SMA chart for Multi Commodity Exchange of India Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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