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Technicals for Multi Commodity Exchange of India Limited
By MusingTheNews
2025-12-15 20:48
Overall Technical outlook
Price Summary
Multi Commodity Exchange of India Limited's stock began trading at 9845.0 on 2025-12-11, soared to 10056.0, dipped to 9750.0, and finished the day 0.94% up at 9938.0, with 479829 shares exchanged. The highest price the stock achieved in the past 52 weeks is 10424.5, while the lowest price it saw is 4520.55. Analysts predict that the future price will fluctuate between 6710.0 and 12500.0, with the mean expected price being approximately 10110.667.
Technicals
Support and Resistance: At 9938.0, the price is supported at 9541.0 and faces resistance at 10121.0. This range suggests that the price for MCX might stay between these levels, with 9541.0 acting as a floor and 10121.0 as a ceiling. Support/Resistance for MCX
Aroon: The AROON is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Aroon chart for Multi Commodity Exchange of India Limited
Bol. Bands: The BOLL BANDS 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. Bolinger Bands chart for Multi Commodity Exchange of India Limited
Parabolic SAR: The PSAR continues to signal a bearish outlook, setting a significant resistance level. This resistance could limit upward momentum, indicating that the market may struggle to overcome this bearish pressure in the near term. Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited
Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Stochastic chart for Multi Commodity Exchange of India Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages points to a bearish trend, but the slopes of the 20 and 50 SMAs are beginning to waver. This weakening in downward momentum could signal a potential shift towards bullish price action. Investors might interpret this as an early indication that the market is preparing for a reversal, with the possibility of a bullish trend emerging soon. Tripple SMA chart for Multi Commodity Exchange of India Limited
In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can 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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