‹ All Posts
Umang Bhutada

5th Nov · SEBI-Registered Analyst

MCX | TECHNO0-FUNDA ANALYSIS

Multi Commodity Exchange of India Ltd (MCX) – 1W

MCX
Trend Description: MCX continues to hold a strong bullish trend with clean breakout and retest structure. After retesting ₹7,340 zone, the price has resumed higher toward fresh highs. Support and Resistance Levels: Support: ₹8,471 / ₹7,339 Resistance: ₹9,625 Expected Move: Sustaining above ₹9,300–₹9,350 could push toward ₹9,800–₹10,000. Breakdown below ₹8,470 may trigger a pullback toward ₹7,300. Short Fundamentals Summary: MCX benefits from rising commodity participation and volumes, with stable earnings and strong positioning in India’s exchange space. Final Verdict: 🔥 Strong bullish momentum — Above ₹9,625, next leg may target ₹10,000+.

#TechnicalViews#FundamentalViews
MCX_2025-11-05_01-38-05.png
543 likes·59 comments