MCX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.5
| Stock Code | MCX | Market Cap | 83,374 Cr. | Current Price | 3,270 ₹ | High / Low | 3,480 ₹ |
| Stock P/E | 81.0 | Book Value | 110 ₹ | Dividend Yield | 0.18 % | ROCE | 57.9 % |
| ROE | 43.4 % | Face Value | 2.00 ₹ | DMA 50 | 2,889 ₹ | DMA 200 | 2,285 ₹ |
| Chg in FII Hold | 5.43 % | Chg in DII Hold | -4.81 % | PAT Qtr | 409 Cr. | PAT Prev Qtr | 307 Cr. |
| RSI | 63.1 | MACD | 168 | Volume | 29,42,519 | Avg Vol 1Wk | 30,22,523 |
| Low price | 1,262 ₹ | High price | 3,480 ₹ | PEG Ratio | 0.82 | Debt to equity | 0.00 |
| 52w Index | 90.6 % | Qtr Profit Var | 302 % | EPS | 40.4 ₹ | Industry PE | 62.6 |
📈 Chart & Trend: MCX is trading at 3,270 ₹, well above its 50 DMA (2,889 ₹) and 200 DMA (2,285 ₹), confirming a strong uptrend. Price action is approaching resistance near 3,350–3,400 ₹, with support around 3,150–3,200 ₹.
🔎 Momentum Signals: RSI at 63.1 indicates healthy bullish momentum but nearing overbought territory. MACD at 168 shows a powerful bullish crossover. Entry zone: 3,150–3,200 ₹. Exit zone: 3,350–3,400 ₹.
📊 Volume Trends: Current volume (29.4 Lakh) is close to the 1-week average (30.2 Lakh), confirming steady participation and institutional activity.
📉 Bollinger Bands: Bands are wide, reflecting strong volatility expansion and trending momentum.
📌 Trend Status: The stock is in a strong trending phase with bullish signals supported by technicals and fundamentals.
Positive
- Exceptional ROCE (57.9%) and ROE (43.4%) highlight superior capital efficiency.
- Debt-free balance sheet (0.00 debt-to-equity) ensures financial strength.
- Quarterly PAT surged to 409 Cr. vs 307 Cr., showing robust earnings growth.
- PEG ratio of 0.82 indicates attractive valuation relative to growth.
- 52-week index at 90.6% shows strong long-term performance.
Limitation
- High P/E (81.0) compared to industry PE (62.6) reflects premium valuation.
- Dividend yield at 0.18% is modest, limiting income appeal.
- RSI above 60 signals risk of short-term pullback.
Company Negative News
- DII holdings declined (-4.81%), showing reduced domestic institutional support.
Company Positive News
- FII holdings increased (+5.43%), reflecting strong foreign investor confidence.
- Quarterly profit variation (+302%) highlights exceptional earnings momentum.
Industry
- Industry PE at 62.6 indicates sector is moderately valued compared to MCX’s premium.
- Financial exchange sector benefiting from rising trading volumes and market activity.
Conclusion
MCX is in a strong trending phase with powerful bullish signals from RSI, MACD, and volume. Fundamentals remain robust with debt-free status and strong earnings growth. While valuations are stretched, momentum favors continuation. Best suited for entry near 3,150–3,200 ₹ with profit booking around 3,350–3,400 ₹.
MCX is clearly in a trending phase with strong institutional support. To enrich this, I can extend into a sector overlay comparison or a peer benchmarking analysis to highlight how MCX stacks up against other financial exchange peers.