MCX NEWS why is Multi Commodity Exchange Of India Limited price falling or rising

MCX NEWS reasons for why stock price of Multi Commodity Exchange Of India Limited is falling or rising

MCX Multi Commodity is falling or rising technical reasons

Technical analysis forecast of Multi Commodity Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Multi Commodity MCX at this time. Stock is rising and might rise more.

It appears as if Multi Commodity MCX gave a large move recently.

Stock of Multi Commodity (MCX) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Multi Commodity is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Multi Commodity stays above 3913.7, but if it comes below 3913.7, then a intra day sell could be more profitable.
If you take a sell trade below 3913.7, then use 3913.7 as stoploss and 3699.56 as target. However if you take a buy trade in Multi Commodity, then use 3913.7 as stoploss and 4170.7 as target.

MCX Multi Commodity is falling or rising NEWS fundamental reasons

More announcements and NEWS

MCX Multi Commodity Exchange Of India Limited current price & indicator signals

Moving Averages for Multi Commodity Exchange Of India Limited

  • 5Day Average: 3870.58
  • 12Day Average: 3773.79
  • 20Day Average: 3634.11
  • 50Day Average: 3584.5
  • 100Day Average: 3412.22
  • 150Day Average: 3035.95
  • 200Day Average: 2685.21

MCX Indicators & signals

Indicator MACD (12,26,9)

3781.14, 3661.28, 80.87
Indicator MACD is in positive zone

Indicator ADX (14)

48.45, 36.97, 12.84
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MCX Multi Commodity Exchange Of India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 4022.10 3917.70 to 4048.05 3.04% 1.54 times
22 Mon Apr 2024 3903.25 3822.00 to 3959.00 2.93% 0.88 times
19 Fri Apr 2024 3792.15 3780.60 to 3892.35 -2.53% 0.58 times
18 Thu Apr 2024 3890.40 3765.30 to 3939.00 3.88% 1.11 times
16 Tue Apr 2024 3745.00 3662.35 to 3802.05 0.48% 0.63 times
15 Mon Apr 2024 3727.05 3660.20 to 3809.65 -2.39% 1.11 times
12 Fri Apr 2024 3818.25 3807.00 to 4072.60 -2.2% 1.96 times
10 Wed Apr 2024 3903.95 3747.20 to 3986.15 4.6% 2.4 times
09 Tue Apr 2024 3732.10 3575.05 to 3742.50 3.76% 0.81 times
08 Mon Apr 2024 3597.00 3572.05 to 3635.00 0.93% 0.33 times
05 Fri Apr 2024 3563.70 3535.00 to 3600.00 -0.75% 0.18 times
04 Thu Apr 2024 3590.50 3528.15 to 3645.00 0.46% 0.56 times

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