Overall Technical outlook

Price Summary

Multi Commodity Exchange of India Limited's shares soared 2.52% today, reflecting a remarkable day on the market.
On 2025-06-13, Multi Commodity Exchange of India Limited's stock opened at 7372.0, peaked at 7688.5, hit a low of 7372.0, and closed 2.52% up at 7557.5, with 877096 shares changing hands.
In the 52-week period, the stock's peak price is 7955.5, and the lowest price recorded is 3717.95.
10 analysts predict that the future price of MCX will be in the range of 3400.0 to 7250.0, with a mean expected price of about 6179.4.

Technicals

Support and Resistance: The current price is 7557.5, with support at 6750.55 and resistance at 7890.5. This range suggests that the price might move between these levels, with 6750.55 offering support and 7890.5 capping further gains for Multi Commodity Exchange of India Limited.
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Support/Resistance for MCX


Aroon: The AROON is showing a neutral stance, not indicating a clear upward or downward trend for Multi Commodity Exchange of India Limited. This suggests a period of market balance, where neither side is showing dominance.
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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.
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Bolinger Bands chart for Multi Commodity Exchange of India Limited


Parabolic SAR: The PSAR has shifted from bullish to bearish in its latest move, suggesting a potential trend reversal. This change could be a strong bearish signal if supported by other trends. Traders should monitor the situation closely and seek further confirmation before acting.
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Parabolic Stop and Reverse chart for Multi Commodity Exchange of India Limited


Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Stochastic chart for Multi Commodity Exchange of India Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that the bearish momentum is starting to weaken for Multi Commodity Exchange of India Limited. This could be an early sign of a potential bullish reversal, as the market's downward trend loses strength, possibly leading to a shift towards more positive price action.
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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.