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

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