MCX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | MCX | Market Cap | 57,016 Cr. | Current Price | 2,233 ₹ | High / Low | 2,706 ₹ |
| Stock P/E | 79.0 | Book Value | 81.8 ₹ | Dividend Yield | 0.27 % | ROCE | 31.9 % |
| ROE | 23.9 % | Face Value | 2.00 ₹ | DMA 50 | 2,200 ₹ | DMA 200 | 1,782 ₹ |
| Chg in FII Hold | 1.64 % | Chg in DII Hold | -1.34 % | PAT Qtr | 307 Cr. | PAT Prev Qtr | 156 Cr. |
| RSI | 46.2 | MACD | 83.6 | Volume | 2,22,28,347 | Avg Vol 1Wk | 1,01,88,115 |
| Low price | 882 ₹ | High price | 2,706 ₹ | PEG Ratio | 1.74 | Debt to equity | 0.00 |
| 52w Index | 74.1 % | Qtr Profit Var | 151 % | EPS | 28.3 ₹ | Industry PE | 58.4 |
📊 Chart & Trend Analysis:
MCX is trading at ₹2,233, slightly above its 50 DMA (₹2,200) and well above its 200 DMA (₹1,782), indicating strong medium-term bullish momentum. RSI at 46.2 is neutral, suggesting room for further upside without being overbought. MACD at 83.6 shows a strong positive crossover, confirming bullish momentum. Bollinger Bands indicate price is consolidating near the mid-range, with potential for breakout. Volume (2.22 Cr.) is significantly higher than the 1-week average (1.01 Cr.), reflecting strong market participation and accumulation.
📈 Momentum Signals:
- MACD strongly positive, confirming bullish momentum.
- RSI neutral, leaving scope for further upside.
- Price above both 50 & 200 DMA supports bullish trend continuation.
- High volume indicates strong investor interest and accumulation.
🎯 Optimal Entry & Exit Zones:
- Entry Zone: ₹2,200 – ₹2,240 (near 50 DMA support).
- Exit Zone: ₹2,600 – ₹2,650 (resistance near recent highs).
- Stop Loss: ₹2,150 (below short-term support).
📌 Trend Status: The stock is trending upward with strong bullish signals, supported by volume and MACD strength.
Positive
- Strong ROCE (31.9%) and ROE (23.9%) highlight efficient capital use.
- 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 (+1.64%), reflecting foreign investor confidence.
Limitation
- High P/E (79.0) compared to industry average (58.4) suggests overvaluation.
- Dividend yield of 0.27% is relatively low, limiting income appeal.
- PEG ratio of 1.74 indicates growth is moderately expensive.
Company Negative News
- DII holding decreased (-1.34%), showing reduced domestic institutional support.
- High valuation may limit upside in the near term.
Company Positive News
- Quarterly profit growth of 151% signals strong operational performance.
- EPS of ₹28.3 reflects solid earnings base.
- Strong trading volumes indicate rising investor interest.
Industry
- Industry P/E at 58.4 is lower, making MCX relatively expensive compared to peers.
- Exchange and financial services sector benefits from rising trading activity and market participation.
Conclusion
⚖️ MCX is trending upward with strong bullish signals from MACD, volume, and price action above key moving averages. While fundamentals are robust with debt-free status and strong profit growth, valuations remain stretched compared to industry peers. Short-term traders may consider entry near ₹2,200–₹2,240 with exits around ₹2,600–₹2,650, while long-term investors should monitor valuation risks but can benefit from strong growth momentum and institutional support.