Overall Technical outlook

Price Summary

On 2025-05-30, Multi Commodity Exchange of India Limited's stock opened at 6592.0, peaked at 6706.0, hit a low of 6580.0, and closed 0.15% up at 6602.0, with 376443 shares changing hands.
The stock's peak price over the last 52 weeks is 6920.0, with the lowest being 3219.0.
Future price predictions suggest a range between 3400.0 and 7250.0, with an average expected price of 6179.4, as per 10 analysts.

Technicals

Support and Resistance: The price for MCX at 6602.0 finds support at 6323.0 and resistance at 6920.0. This suggests a trading range, where 6323.0 serves as a support level and 6920.0 acts as a resistance point, potentially capping further gains.
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Support/Resistance for MCX


Aroon: The continuation of Aroon's bullish trend, with Aroon Up holding at the 100 level, points to strong market momentum. However, to fully understand the trend's implications, it should be analyzed further in conjunction with other indicators.
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Aroon chart for Multi Commodity Exchange of India Limited


Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Bolinger Bands chart for Multi Commodity Exchange of India Limited


Parabolic SAR: The PSAR for MCX continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth.
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Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited


Stochastic: The stochastic indicator reflects bullish conditions for MCX, with the K-line above both the D-line and the 80 level. This setup suggests strong upward momentum, implying that the market may continue to experience gains. Investors could interpret this as a sign of ongoing strength.
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Stochastic chart for Multi Commodity Exchange of India Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening of momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend weakens for Multi Commodity Exchange of India Limited.
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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.