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 for Multi Commodity Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Multi Commodity MCX at this time. Stock is falling and might fall more.

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

Stock of Multi Commodity (MCX) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Multi Commodity is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3769 as stoploss in an intra day buy trade for a target of 3838.02. However, stock will show a bearish move below 3769.

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: 3814.78
  • 12Day Average: 3874.29
  • 20Day Average: 3870.94
  • 50Day Average: 3813.62
  • 100Day Average: 3729.02
  • 150Day Average: 3583.36
  • 200Day Average: 3299.87

MCX Indicators & signals

Indicator MACD (12,26,9)

3840.29, 3831.96, 27.67
Indicator MACD is in positive zone

Indicator ADX (14)

14.26, 19.18, 25.56
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
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
12 Fri Jul 2024 3771.35 3730.00 to 3807.00 0.32% 0.94 times
11 Thu Jul 2024 3759.40 3700.60 to 3776.90 1.11% 0.63 times
10 Wed Jul 2024 3717.95 3680.00 to 3869.40 -4.13% 2.84 times
09 Tue Jul 2024 3878.30 3803.30 to 4036.60 -1.74% 1.12 times
08 Mon Jul 2024 3946.90 3900.30 to 4000.00 -0.94% 0.44 times
05 Fri Jul 2024 3984.30 3901.00 to 4014.80 1.21% 0.82 times
04 Thu Jul 2024 3936.70 3864.00 to 3981.00 0.06% 0.57 times
03 Wed Jul 2024 3934.25 3871.15 to 3945.00 1.53% 0.57 times
02 Tue Jul 2024 3874.85 3809.00 to 3910.80 -0.67% 0.8 times
01 Mon Jul 2024 3900.95 3877.30 to 3939.95 -0.58% 0.44 times
28 Fri Jun 2024 3923.90 3870.15 to 4043.00 1.59% 1.76 times
27 Thu Jun 2024 3862.60 3711.60 to 3884.00 1.51% 1.22 times

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