MCX - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

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Technical Rating: 4.5

Technical Analysis Summary

• Trend: Trending upward with strong momentum
• Moving Averages: Price (₹9,249) is well above DMA 50 (₹8,498) and DMA 200 (₹7,298), confirming bullish trend
• RSI (62.1): Bullish zone, but nearing overbought territory
• MACD (283): Strong bullish crossover, supporting continued upside
• Bollinger Bands: Price near upper band, indicating strength but potential short-term resistance
• Volume: Slightly above average (5.03L vs 4.86L), confirming active participation

Entry & Exit Zones

• Support: ₹9,000 – ₹9,100 (recent base and psychological level)
• Resistance: ₹9,600 – ₹9,650 (52-week high zone)
• Optimal Entry: ₹9,050 – ₹9,150 on pullback with MACD strength
• Exit Zone: ₹9,600 – ₹9,650 if price stalls near resistance

Positive

• Quarterly PAT growth of 95.2% (₹157 Cr. vs ₹102 Cr.)
• Zero debt and strong ROCE (31.9%) and ROE (23.9%)
• EPS of ₹96.3 and price up 92.9% over 52 weeks
• MACD and volume trends support bullish sentiment

Limitation

• High P/E of 96.0 vs industry average of 62.6
• PEG ratio of 2.12 suggests overvaluation
• RSI nearing overbought zone may trigger short-term correction
• Decline in FII holding (-2.69%)

Company Negative News

• Concerns over regulatory changes and volatility in commodity volumes

Company Positive News

• Strong quarterly earnings and operational efficiency
• Positive DII sentiment (+1.41%) and robust trading platform performance

Industry

• MCX operates in the financial exchange and commodity trading sector
• Peers include NSE, BSE, and other global commodity exchanges

Conclusion

MCX is currently trending upward with strong technical indicators and bullish momentum. While valuation metrics suggest caution, fundamentals and volume support continued strength. Traders may consider entry near ₹9,100 with targets around ₹9,650, watching RSI for signs of short-term exhaustion.