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Technicals for Multi Commodity Exchange of India Limited
By MusingTheNews
2025-08-15 20:47
Overall Technical outlook
Price Summary
In today's trading session, MCX's shares sank by -2.53%, marking a poor day. Multi Commodity Exchange of India Limited's stock opened at 8360.0 on 2025-08-14, surged to 8387.5, hit a low of 8076.0, and closed up -2.53% at 8148.5, with 440363 shares traded. The peak price for the stock in the past 52 weeks is 9060.5, with the lowest price being 4520.55. Based on recommendations from 9 analysts, the future price of MCX is expected to range from 5750.0 to 10000.0, with an average price expectation around 7896.3335.
Technicals
Support and Resistance: The price for MCX is 8148.5, with support at 7890.5 and resistance at 8153.5. This suggests a range where 7890.5 acts as a base, preventing declines, and 8153.5 caps gains, defining key trading levels. Support/Resistance for MCX
Aroon: The continuation of Aroon's bullish trend, with Aroon Up at the 100 level, signals ongoing strength. To fully understand the implications of this trend, it should be examined further in conjunction with other technical indicators. 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. Bolinger Bands chart for Multi Commodity Exchange of India Limited
Parabolic SAR: The PSAR maintains a bullish outlook, reinforcing a support level that could help uphold the market's upward trend. This suggests that the market is likely to continue climbing, with the support providing a solid base for further gains. Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited
Stochastic: The stochastic indicator is currently bullish, with the K-line exceeding both the D-line and the 80 level. This configuration indicates robust upward momentum, suggesting that the market may experience further gains. Investors may interpret this as a positive signal for continued upward movement. Stochastic chart for Multi Commodity Exchange of India Limited
Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Tripple SMA chart for Multi Commodity Exchange of India Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
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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