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(Mcx) Mcx complete technical analysis [charts+indicators] | Buy/Sell Mcx | (Mcx) share price targets

Complete technical analysis of Mcx (Mcx) by charts plus indicators, forecast predictions and share price targets for Mcx (Mcx)

Showing technical analysis as on 2022-05-17 View latest technical analysis

10 day averaged volume of Mcx is 20083

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 1210.95 1246.40 1275.25 1166.00 4.687 times
16 Mon May 2022 1177.65 1151.00 1191.00 1142.40 1.082 times
13 Fri May 2022 1151.15 1174.00 1198.15 1149.00 0.845 times
12 Thu May 2022 1158.35 1186.00 1187.00 1153.00 1.045 times
11 Wed May 2022 1194.80 1202.00 1212.15 1163.15 1.073 times
10 Tue May 2022 1201.25 1234.40 1248.20 1195.35 0.486 times
09 Mon May 2022 1239.50 1260.00 1261.05 1217.45 1.082 times
06 Fri May 2022 1269.95 1267.00 1306.90 1255.55 1.531 times
05 Thu May 2022 1308.95 1382.00 1382.00 1305.00 1.198 times
04 Wed May 2022 1359.15 1437.40 1440.40 1353.00 0.54 times

Stock of Mcx (Mcx) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1212, but if it comes above 1212, then a intra day buy could be more profitable.
If you take a sell trade below 1212, then use 1212 as stoploss and 1103.2 as target. However if you take a buy trade in stock , then use 1212 as stoploss and 1302.6 as target.

Share price targets for Mcx (Mcx)

Target Type Value
Downside Target 1142.40
Downside Target 1210.50
Upside Target 1255.55
Upside Target 1322.35
Upside Target 1409.90
Upside Target 1439.00
Upside Target 1440.40
Upside Target 1462.00
Upside Target 1487.20
Upside Target 1493.60
Upside Target 1564.60
Upside Target 1655.00

Intraday share price targets for Mcx (Mcx)

Target Type Value
Downside Intraday Target 1143.82
Downside Intraday Target 1076.68
Upside Intraday Target 1276.67
Upside Intraday Target 1342.38
Downside Intraday Target 1209.53

Weekly technical analysis of Mcx (Mcx)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 1210.95 1151.00 1275.25 1142.40 1.274 times
13 Fri May 2022 1151.15 1260.00 1261.05 1149.00 1.032 times
06 Fri May 2022 1269.95 1430.00 1440.40 1255.55 0.912 times
29 Fri Apr 2022 1429.80 1385.00 1439.00 1323.75 0.85 times
22 Fri Apr 2022 1385.35 1391.00 1409.90 1322.35 1.558 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mcx (Mcx)

Date Monthly Closing Price Open High Low Volume
17 Tue May 2022 1210.95 1430.00 1440.40 1142.40 0.777 times
29 Fri Apr 2022 1429.80 1417.70 1493.60 1322.35 0.403 times
31 Thu Mar 2022 1413.70 1267.95 1487.20 1210.50 1.032 times
28 Mon Feb 2022 1272.05 1553.90 1564.60 1165.00 1.458 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mcx (Mcx)

Indicator Name Indicator Value Indicator Signal
ADX 23, 28, 8 Sell
MACD -104, -86Sell
Stochastics 12Sell
CCI -21Buy
RSI 46Sell
OBV -15242Sell
VWAP 1222Sell
ADL 0Sell
ROC -15Sell
Force Index 0Sell

Price action analysis of Mcx ( (Mcx) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mcx ( (Mcx) ) based on a short term time period is

Price action analysis of Mcx ( (Mcx) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mcx ( (Mcx) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mcx stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mcx in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mcx Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mcx in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mcx is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1222.39 and Mcx (Mcx) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mcx (Mcx) stock. Volume based technical analysis of Mcx (Mcx) stock is negative.

Mcx Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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