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2022 Multi Commodity (MCX) technical analysis [forecast] stock price targets

Multi Commodity technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Multi Commodity deals in Other Financial Services Multi Commodity option chain analysis

Date Close Open High Low Volume
25 Tue Jan 1533.85 1473.80 1550.90 1465.30 6.71 lakhs
24 Mon Jan 1477.80 1534.50 1539.60 1462.00 5.46 lakhs
21 Fri Jan 1533.15 1556.00 1577.15 1527.10 3.72 lakhs
20 Thu Jan 1569.25 1575.10 1597.00 1565.00 2.43 lakhs
19 Wed Jan 1579.85 1567.70 1594.00 1549.90 4.27 lakhs
MCX chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1549.7, but if it comes above 1549.7, then a intra day buy could be more profitable.
If you take a sell trade below 1549.7, then use 1549.7 as stoploss and 1505.8 as target. However if you take a buy trade in stock , then use 1549.7 as stoploss and 1586.24 as target.

  • Daily Price action analysis of MCX based on a short 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of MCX based on a 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.

Intraday technical analysis of Multi Commodity

Stock is trading at 1527.55 as on 27 Thu Jan 11:15

Day open is at 1520.00, day high is at 1532.00, day low is at 1515.00, and day volume is at 25.48 lakhs so far.

First 15 minute high low range is 1515.00 - 1528.00

First hour high low range is 1515.00 - 1530.00

Date Intraday Price Open High Low Volume
27 Thu Jan 11:15 1527.55 1520.00 1532.00 1515.00 162468
27 Thu Jan 11:10 1528.75 1520.00 1532.00 1515.00 159757
27 Thu Jan 11:05 1529.05 1520.00 1532.00 1515.00 156838
27 Thu Jan 11:00 1529.25 1520.00 1532.00 1515.00 153845
27 Thu Jan 10:55 1528.15 1520.00 1532.00 1515.00 148867
Intraday MCX chart

Prices of Multi Commodity are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Multi Commodity (MCX) intraday stock price targets

  • EntEntry: 1521.5 or 1525.2375
  • Upside target: 1528
  • Downside target : 1502
  • Second Upside target: 1585.18
  • Second Downside target : 1499.58

Multi Commodity (MCX) weekly technical analysis

Date Weekly Close Open Range Volume
25 Tue Jan 1533.85 1534.50 1462.00
1550.90
12.174 lakhs
21 Fri Jan 1533.15 1632.00 1527.10
1638.50
16.321 lakhs
14 Fri Jan 1625.30 1617.75 1574.65
1655.95
23.602 lakhs
07 Fri Jan 1613.40 1586.00 1586.00
1644.40
17.864 lakhs
31 Fri Dec 1582.80 1577.95 1560.10
1642.00
15.482 lakhs
weekly MCX chart

Weekly forecast of Multi Commodity is positive. Buyers dominated the stock this week, and this trend might continue for a few days

Weekly Price action analysis of Multi Commodity based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Weekly Price action analysis of Multi Commodity 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.

Multi Commodity (MCX) Monthly technical analysis

Date Monthly Close Open Range Volume
25 Tue Jan 1533.85 1586.00 1462.00
1655.95
69.96 lakhs
31 Fri Dec 1582.80 1620.00 1498.60
1833.95
168.214 lakhs
30 Tue Nov 1599.05 1704.95 1580.00
2021.95
113.29 lakhs
29 Fri Oct 1703.75 1651.00 1632.20
2135.00
270.38 lakhs
30 Thu Sep 1658.65 1524.40 1491.00
1744.35
186.294 lakhs
monthly MCX chart

Monthly forecast of Multi Commodity is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Multi Commodity based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Monthly Price action analysis of Multi Commodity based on a short to mid term time period is

Multi Commodity Daily stock price targets

  • Upside daily target: 1667.8
  • Upside daily target: 1585.18
  • Downside daily target: 1508.7
  • Downside daily target: 1431.1

Multi Commodity Weekly stock price targets

  • Upside weekly target: 1853.5
  • Upside weekly target: 1747.6
  • Upside weekly target: 1662.2
  • Upside weekly target: 1577.8
  • Downside weekly target: 1502.19

Multi Commodity Monthly stock price targets

  • Upside monthly target: 2170.78
  • Upside monthly target: 1909.53
  • Upside monthly target: 1810.5
  • Upside monthly target: 1708.38
  • Upside monthly target: 1603.49
  • Downside monthly target: 1525.1
  • Downside monthly target: 1413.95

Multi Commodity (MCX) indicators technical analysis

Price action analysis of Multi Commodity (MCX) based on a short 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 Multi Commodity stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Multi Commodity 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 Multi Commodity in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Multi Commodity is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1568.68 and Multi Commodity 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 Multi Commodity MCX stock. Volume based technical analysis of Multi Commodity MCX stock is negative.

Multi Commodity 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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chart MCX