Overall Technical outlook

Price Summary

Multi Commodity Exchange of India Limited's stock dived -5.81% today, marking a unimpressive performance in the market.
On 2026-01-30, MCX's stock started at 2684.0, reached a high of 2684.0, fell to 2490.0, and ended -5.81% lower at 2528.0, with 7637798 shares traded.
The highest price the stock achieved in the past 52 weeks is 11136.0, while the lowest price it saw is 2191.0.
10 analysts estimate that the future price of MCX will fall between 1800.0 and 3000.0, with an average price expectation of approximately 2410.42.

Technicals

Support and Resistance: The price for MCX at 2528.0 is supported by the 2199.0 level and faces resistance at 7390.0. This range indicates key levels where the price may find buyers near 2199.0 and sellers near 7390.0, defining a trading range.
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Support/Resistance for MCX


Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Aroon chart for Multi Commodity Exchange of India Limited


Bol. Bands: The current price crossing below the upper Bollinger Band indicates a possible downward shift for MCX. This signal might suggest that the asset is losing bullish momentum and could be preparing for a decline. Traders often view this as an early warning of an overbought condition, where the price correction is likely, making it a crucial point for evaluating potential short positions.
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Bolinger Bands chart for Multi Commodity Exchange of India Limited


Parabolic SAR: The PSAR maintains a bearish stance, establishing a resistance level that could act as a barrier to any upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, keeping prices in check.
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Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited


Stochastic: The stochastic indicator shows a bullish signal, with the K-line exceeding both the D-line and the 80 mark. This setup suggests strong upward momentum, implying that the market may continue to rise. Investors could consider this a favorable sign for continued market growth for Multi Commodity Exchange of India Limited.
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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 hint at a potential reversal. The weakening signals from these shorter-term averages indicate that the current upward momentum may be fading, suggesting that a change in direction could be near.
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Tripple SMA chart for Multi Commodity Exchange of India Limited


Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.