MCX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | MCX | Market Cap | 66,397 Cr. | Current Price | 2,603 ₹ | High / Low | 2,706 ₹ |
| Stock P/E | 92.0 | Book Value | 81.8 ₹ | Dividend Yield | 0.23 % | ROCE | 31.9 % |
| ROE | 23.9 % | Face Value | 2.00 ₹ | DMA 50 | 2,404 ₹ | DMA 200 | 1,969 ₹ |
| Chg in FII Hold | 1.64 % | Chg in DII Hold | -1.34 % | PAT Qtr | 307 Cr. | PAT Prev Qtr | 156 Cr. |
| RSI | 59.1 | MACD | 57.2 | Volume | 61,48,184 | Avg Vol 1Wk | 38,19,252 |
| Low price | 905 ₹ | High price | 2,706 ₹ | PEG Ratio | 2.03 | Debt to equity | 0.00 |
| 52w Index | 94.3 % | Qtr Profit Var | 151 % | EPS | 28.3 ₹ | Industry PE | 55.9 |
📉 Chart & Trend: MCX is trading at ₹2,603, above both 50 DMA (₹2,404) and 200 DMA (₹1,969), confirming a strong bullish trend. RSI at 59.1 indicates healthy momentum without being overbought. MACD at 57.2 reflects positive momentum. Bollinger Bands show price near the upper band, suggesting strength but also caution for potential short-term pullbacks.
📊 Volume: Current volume (61.5 L) is significantly higher than the 1-week average (38.2 L), indicating strong participation and bullish sentiment.
📈 Momentum Signals: Short-term momentum is positive. Support levels are seen at ₹2,500–₹2,520 and strong support at ₹2,404 (50 DMA). Resistance lies at ₹2,706 (recent high).
🎯 Entry Zone: ₹2,500–₹2,520 (accumulation zone with risk-managed entry).
🚪 Exit Zone: ₹2,690–₹2,706 (profit-taking zone near recent highs).
🔎 Trend Status: Trending bullish. The stock is in a strong uptrend, supported by volume and momentum indicators.
Positive
- Strong ROCE (31.9%) and ROE (23.9%) show excellent capital efficiency.
- Debt-free balance sheet (Debt-to-equity 0.00) ensures financial stability.
- Quarterly PAT surged to ₹307 Cr from ₹156 Cr, showing robust earnings growth.
- FII holding increased by 1.64%, reflecting foreign investor confidence.
Limitation
- High P/E (92.0) compared to industry average (55.9) indicates stretched valuations.
- Dividend yield of 0.23% is relatively low.
- PEG ratio of 2.03 suggests growth is moderately expensive.
Company Negative News
- DII holding reduced by -1.34%, showing weaker domestic institutional sentiment.
Company Positive News
- EPS at ₹28.3 reflects strong earnings power.
- Quarterly profit growth of 151% highlights operational strength.
Industry
- Industry PE at 55.9 highlights sector valuations are lower than the company’s, suggesting relative overvaluation.
- Exchange and financial infrastructure sector benefits from rising trading volumes and market activity.
Conclusion
✅ MCX is in a bullish trending phase, trading above key moving averages with strong RSI, positive MACD, and high volume participation. Fundamentals show robust earnings growth, debt-free status, and foreign investor confidence. However, stretched valuations and low dividend yield limit margin of safety. Short-term traders may consider entries near ₹2,500–₹2,520 with exits around ₹2,690–₹2,706, while long-term investors should monitor valuation risks despite strong growth momentum.
Would you like me to extend this into a basket overlay with peer benchmarking against other exchange and financial infrastructure stocks? That would highlight whether MCX’s bullish momentum is sector-driven or company-specific.