Overall Technical outlook

Price Summary

In today's trading session, MCX's shares fell by -3.25%, marking a awful day.
Multi Commodity Exchange of India Limited's stock opened at 6256.0 on 2025-04-25, surged to a high of 6350.0, hit a low of 5922.0, and closed up -3.25% at 6052.5, with 669838 shares traded.
Over the past 52 weeks, the stock reached a maximum price of 6920.0 and a minimum price of 3219.0.
The future price of MCX is projected to range from 3400.0 to 7250.0, with an average expected price of 6179.4, according to 10 analysts.

Technicals

Support and Resistance: The price sits at 6052.5, supported by 5566.6 and resisted by 6116.1. This indicates a trading range where 5566.6 provides a floor, preventing declines, and 6116.1 acts as a ceiling, limiting further price increases for MCX.
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Support/Resistance for MCX


Aroon: Aroon's bullish trend continues, with Aroon Up at the 100 level, indicating sustained market strength for MCX. This trend warrants further exploration alongside other indicators to fully understand its implications and potential future direction.
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Aroon chart for Multi Commodity Exchange of India Limited


Bol. Bands: The price dipping under the upper Bollinger Band could signal an upcoming decline. This technical indicator suggests that the asset is overbought and may be poised for a correction. Traders might interpret this as a potential reversal, where the bullish momentum is slowing down, making it a key moment for evaluating trading strategies.
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Bolinger Bands chart for Multi Commodity Exchange of India Limited


Parabolic SAR: The PSAR remains bullish, setting a strong support level that could underpin further upward movement. This persistent bullish outlook suggests that the market may continue its positive trajectory, with the established support acting as a safety net.
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Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited


Stochastic: The K-line has slipped below the D-line on the stochastic indicator while staying above 80, suggesting the onset of a bearish price move. This pattern may indicate that the market's upward momentum is starting to fade, which could lead to a reversal. Investors should be mindful of this possible shift for MCX.
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Stochastic chart for Multi Commodity Exchange of India Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for MCX, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Tripple SMA chart for Multi Commodity Exchange of India Limited


To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.