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

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

Multi Commodity trades in NSE in Other Financial Services sector.

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Multi Commodity is 368817

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	3515.40	3598.35	3598.35	3458.00	1.449 times
05 Tue Mar 2024	3575.95	3708.00	3736.75	3565.00	0.913 times
04 Mon Mar 2024	3707.70	3840.00	3844.00	3691.05	0.73 times
02 Sat Mar 2024	3826.35	3839.95	3857.90	3819.90	0.054 times
01 Fri Mar 2024	3819.75	3835.00	3877.85	3800.05	1.96 times
29 Thu Feb 2024	3763.80	3677.90	3788.90	3640.00	1.482 times
28 Wed Feb 2024	3660.05	3731.70	3758.00	3650.00	0.928 times
27 Tue Feb 2024	3720.25	3664.90	3749.90	3652.50	1.778 times
26 Mon Feb 2024	3663.60	3679.95	3705.00	3623.75	0.649 times
23 Fri Feb 2024	3676.95	3687.40	3715.00	3636.00	0.574 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3507.7 as stoploss in an intra day buy trade for a target of 3640.13. However, stock will show a bearish move below 3507.7.

Share price targets for Multi Commodity (MCX)

Target Type	Value
Downside Target	2337.85
Downside Target	2958.00
Downside Target	3059.25
Downside Target	3219.00
Downside Target	3292.00
Downside Target	3452.00
Upside Target	3593.05
Upside Target	3766.00
Upside Target	3785.00
Upside Target	3844.00
Upside Target	3877.85
Upside Target	3990.00

Intraday share price targets for Multi Commodity (MCX)

Target Type	Value
Downside Intraday Target	3367.6
Downside Intraday Target	3219.8
Upside Intraday Target	3753.6
Upside Intraday Target	3991.8
Upside Intraday Target	3605.8

Weekly technical analysis of Multi Commodity (MCX)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	3515.40	3840.00	3844.00	3458.00	0.451 times
02 Sat Mar 2024	3826.35	3679.95	3877.85	3623.75	1.195 times
23 Fri Feb 2024	3676.95	3614.00	3766.00	3593.05	0.428 times
16 Fri Feb 2024	3584.75	3785.00	3785.00	3292.00	1.139 times
09 Fri Feb 2024	3829.90	3684.80	3990.00	3610.00	1.134 times

Price has moved down 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 Multi Commodity (MCX)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	3515.40	3835.00	3877.85	3458.00	0.126 times
29 Thu Feb 2024	3763.80	3402.05	3990.00	3292.00	1.292 times
31 Wed Jan 2024	3414.05	3195.00	3452.00	2958.00	0.757 times
29 Fri Dec 2023	3199.85	3210.00	3344.00	3059.25	0.435 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 Multi Commodity (MCX)

Price action analysis of Multi Commodity ( (MCX) ) 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

Price action analysis of Multi Commodity ( (MCX) ) based on a short to mid 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.

Price action analysis of Multi Commodity ( (MCX) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Multi Commodity stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Multi Commodity Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Multi Commodity in short term and SELL signal is strong!

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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3692.67 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 positive

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