Technical Analysis Multi Commodity Exchange

The stock

is in a clear strong uptrend. Since August MCX has been consistently forming Higher Highs and Higher Lows which is a classic signal of bullish sentiment. The price has climbed from the 1500 levels to the current price of approximately 2667. The stock recently recovered from a minor correction in late March and is now pushing back toward its previous peaks. The primary trend remains firmly upward as the price stays well above previous support zones. Immediate resistance There is a horizontal resistance zone near 2700 - 2750. You can see a sharp wick rejection in early February where the price hit a high and quickly pulled back. A breakout above this level could lead to a fresh rally. Immediate support the level around 2450 - 2500 acts as a cushion. The stock recently tested this area and bounced back. Major Support A very strong historical support sits at 2100 where the price consolidated significantly before the major breakout in early 2026. MCX looks technically robust. For a Buy position a decisive close above the 2750 mark with high volume would be a strong entry signal. If you are already holding trailing your stop-loss near the 2450 level the recent swing low would be a prudent way to protect your profits while staying in the trend. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.