MCX - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.6

📊 Intraday Trading Analysis for MCX

MCX shows a mixed-to-cautious setup for intraday trading today. While the fundamentals are stellar, the technical indicators suggest a short-term pullback or consolidation phase.

✅ Strengths

Exceptional Fundamentals

ROCE (42.9%) and ROE (34.3%) — top-tier efficiency.

Debt-free (D/E = 0.00) — strong balance sheet.

EPS of ₹110 and solid Qtr Profit Var (54.2%) — earnings momentum.

Price > 50-DMA & 200-DMA: Long-term bullish structure.

Volume > Avg Vol: 4.94 lakh vs 4.06 lakh — active interest today.

⚠️ Technical Weakness

RSI (41.6): Weak momentum, nearing oversold zone.

MACD (-13.9): Bearish divergence — short-term downtrend.

P/E (71.4) = Industry PE: Fully priced, no valuation edge.

FII Holding ↓ (-0.11%): Mild institutional selling.

🔹 Optimal Intraday Strategy

📌 If Entering Fresh Today

Buy Zone: ₹7,790–₹7,800 (near 50-DMA support)

Profit Targets

Target 1: ₹7,880 (minor resistance)

Target 2: ₹7,950 (if momentum improves midday)

Stop-Loss: ₹7,765 (below 50-DMA and psychological support)

📌 If Already Holding Today

Exit Triggers

RSI drops below 39: Indicates further weakness

MACD widens negatively

Price fails to hold above ₹7,800 by mid-session

Volume drops below 4 lakh with flat price action

🧠 Final Thoughts

MCX is a fundamentally strong stock, but intraday momentum is currently weak. It may offer a bounce from support levels if volume sustains, but caution is warranted. Ideal for range-bound scalping, not aggressive breakout trades today.

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