MCX holds above ₹3,600 after breakout retest

MCX MCX is trading near ₹3,615 after moving above the important ₹3,600 level. The daily chart shows a strong uptrend, with price recently breaking above the prior ₹3,350–₹3,400 consolidation band and then extending toward ₹3,600–₹3,650. The key price-action event is the retest of ₹3,600. On the intraday charts, MCX briefly slipped below this level but buyers quickly pushed it back above the zone. This indicates that ₹3,600 is changing from resistance into support. Holding above it keeps the breakout structure positive. The immediate upside zone is ₹3,640–₹3,650, where intraday supply is visible. A sustained move above ₹3,650 can extend the rally toward ₹3,700–₹3,750. The volume profile also shows meaningful activity near the current price area, so ₹3,600 remains the key pivot. If MCX closes below ₹3,600, the next support is near ₹3,550, followed by the ₹3,500–₹3,450 zone. The trend is bullish above ₹3,600, but the next move depends on whether price can absorb supply around ₹3,650.