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CA Omkar Bhutada - SEBI Reg IA

9th Jun 2025 Β· SEBI-Registered Analyst

πŸš€ Cup and Breakout! Momentum Building in a Strong Sector Stock

MCX
πŸ“Š Technical + Fundamental Breakdown β˜• Cup & Handle Breakout A textbook Cup pattern breakout just happened above the β‚Ή7,100 zone. Strong volumes and breakout candle confirm bullish continuation. πŸ“ 200-week EMA (purple line) Price has consistently stayed far above the 200 EMA, highlighting long-term strength and demand. πŸ” Fundamentals Check βœ… Monopoly in commodity exchange space βœ… Strong operating leverage βœ… Robust growth after platform upgrade βœ… Clean balance sheet with consistent profitability πŸ’₯ What’s Next? This breakout can lead to sustained price discovery, backed by both structure and fundamentals. Ideal for trend-following positional traders. πŸ“ Add it to your watchlist β€” the trend might just be getting started.

#WatchOutFor#TechnicalViews#FundamentalViews#SectorBreakouts#HiddenGems
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