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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 2024-03-15 View latest technical analysis

10 day averaged volume of Multi Commodity is 434561

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	3258.55	3183.30	3277.45	3075.25	1.813 times
14 Thu Mar 2024	3216.15	3210.10	3265.85	3155.10	1.37 times
13 Wed Mar 2024	3210.60	3446.35	3493.70	3175.00	1.754 times
12 Tue Mar 2024	3446.35	3555.50	3576.95	3430.80	0.801 times
11 Mon Mar 2024	3532.75	3616.95	3628.35	3511.10	0.492 times
07 Thu Mar 2024	3616.95	3540.00	3625.00	3495.00	1.25 times
06 Wed Mar 2024	3515.40	3598.35	3598.35	3458.00	1.23 times
05 Tue Mar 2024	3575.95	3708.00	3736.75	3565.00	0.775 times
04 Mon Mar 2024	3707.70	3840.00	3844.00	3691.05	0.62 times
02 Sat Mar 2024	3826.35	3839.95	3857.90	3819.90	0.045 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3201.3, for a target of 3417.4 or 3597.5

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
Upside Target	3292.00
Upside 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	3013.08
Downside Intraday Target	2767.62
Upside Intraday Target	3566.18
Upside Intraday Target	3873.82
Upside Intraday Target	3320.72

Weekly technical analysis of Multi Commodity (MCX)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	3258.55	3616.95	3628.35	3075.25	1.608 times
07 Thu Mar 2024	3616.95	3840.00	3844.00	3458.00	0.666 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Multi Commodity (MCX)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	3258.55	3835.00	3877.85	3075.25	0.343 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 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 Multi Commodity ( (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 Multi Commodity ( (MCX) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 below the red cloud Prices appear to be moving up

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 and selling is picking up 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 3402.1 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.