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Rakesh Madhav CFA

4th Feb · SEBI-Registered Analyst

🏦 MCX: Monopoly Play Riding a Powerful Secular Trend

MCX
remains one of the strongest secular stories on the weekly charts. The stock has delivered a near-vertical rally, reflecting improving earnings visibility and renewed confidence post regulatory overhang. Technical structure Strong higher-high, higher-low formation intact Weekly trend firmly bullish with price comfortably above key averages Momentum cooling slightly, but no signs of distribution yet Fundamental triggers Rising commodity participation boosting transaction volumes Operating leverage kicking in as volumes scale Analysts remain bullish on long-term profitability and cash generation What to watch Near-term consolidation is healthy after the sharp run-up. As long as the stock holds key trend supports, the bigger picture remains firmly bullish.

#TechnicalViews#FundamentalViews#EquityResearch
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