MCX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.3
| Stock Code | MCX | Market Cap | 75,771 Cr. | Current Price | 2,972 ₹ | High / Low | 2,986 ₹ |
| Stock P/E | 105 | Book Value | 81.8 ₹ | Dividend Yield | 0.20 % | ROCE | 31.9 % |
| ROE | 23.9 % | Face Value | 2.00 ₹ | DMA 50 | 2,611 ₹ | DMA 200 | 2,136 ₹ |
| Chg in FII Hold | 5.43 % | Chg in DII Hold | -4.81 % | PAT Qtr | 307 Cr. | PAT Prev Qtr | 156 Cr. |
| RSI | 71.2 | MACD | 107 | Volume | 25,65,729 | Avg Vol 1Wk | 22,60,764 |
| Low price | 1,120 ₹ | High price | 2,986 ₹ | PEG Ratio | 2.32 | Debt to equity | 0.00 |
| 52w Index | 99.2 % | Qtr Profit Var | 151 % | EPS | 28.3 ₹ | Industry PE | 68.0 |
📈 Chart & Trend: MCX is trading well above its 50 DMA (2,611 ₹) and 200 DMA (2,136 ₹), showing strong bullish momentum. RSI at 71.2 indicates overbought conditions, while MACD at 107 confirms strong upward momentum. Bollinger Bands are stretched, suggesting high volatility and potential short-term pullback.
🔎 Momentum Signals: Short-term momentum remains bullish, but caution is advised due to overbought RSI. Key support lies at 2,850–2,880 ₹, while resistance is near 3,000–3,050 ₹. Entry zone: 2,850–2,880 ₹. Exit zone: 3,000–3,050 ₹.
📊 Volume Trends: Current volume (25.6 lakh) is above the 1-week average (22.6 lakh), confirming strong participation and sustained momentum.
Positive
- Strong ROCE (31.9%) and ROE (23.9%) highlight operational efficiency.
- Debt-free balance sheet (0.00 debt-to-equity) ensures financial stability.
- Quarterly PAT growth (307 Cr. vs 156 Cr.) shows robust earnings momentum.
- 52-week index at 99.2% indicates stock is near all-time highs.
Limitation
- Extremely high P/E (105) compared to industry average (68.0) suggests steep overvaluation.
- PEG ratio of 2.32 indicates valuation premium relative to growth.
- Overbought RSI (71.2) signals risk of short-term correction.
Company Negative News
- DII holdings declined (-4.81%), showing reduced domestic institutional confidence.
Company Positive News
- FII holdings surged (+5.43%), reflecting strong foreign investor interest.
- Quarterly profit variation (+151%) highlights exceptional earnings growth.
Industry
- Industry PE at 68.0 indicates sector is moderately valued compared to MCX’s premium pricing.
- Financial services/exchange sector benefiting from increased trading activity and volatility.
Conclusion
MCX is in a strong uptrend with bullish technical signals supported by robust earnings and foreign investor inflows. However, overvaluation and overbought RSI suggest caution for fresh entries. Best suited for accumulation near 2,850–2,880 ₹ with profit booking around 3,000–3,050 ₹.