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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.

10 day averaged volume of Multi Commodity is 189111

Date Daily Closing Price Open High Low Volume
05 Fri Mar 2021 1508.60 1536.10 1538.10 1505.00 0.619 times
04 Thu Mar 2021 1535.80 1538.00 1559.90 1531.30 0.657 times
03 Wed Mar 2021 1542.55 1510.00 1567.40 1508.10 2.063 times
02 Tue Mar 2021 1502.65 1518.00 1521.00 1496.00 1.112 times
01 Mon Mar 2021 1503.95 1520.00 1534.50 1498.00 1.031 times
25 Thu Feb 2021 1520.00 1530.00 1531.50 1505.50 0.79 times
24 Wed Feb 2021 1519.05 1507.95 1531.55 1500.50 0.794 times
23 Tue Feb 2021 1501.45 1499.00 1514.00 1490.10 0.626 times
22 Mon Feb 2021 1489.90 1501.00 1521.95 1478.50 0.94 times
19 Fri Feb 2021 1501.40 1502.95 1519.30 1494.95 0.821 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 1495.9 as stoploss in an intra day buy trade for a target of 1522.19. However, stock will show a bearish move below 1495.9.

Share price targets for Multi Commodity (MCX)

Target Type Value
Downside Target 1478.50
Upside Target 1531.55
Upside Target 1585.00
Upside Target 1594.60
Upside Target 1596.15
Upside Target 1625.00
Upside Target 1664.00
Upside Target 1747.70
Upside Target 1779.90
Upside Target 1797.70

Intraday share price targets for Multi Commodity (MCX)

Target Type Value
Downside Intraday Target 1480.6
Downside Intraday Target 1452.6
Upside Intraday Target 1552
Upside Intraday Target 1595.4
Upside Intraday Target 1524

Weekly technical analysis of Multi Commodity (MCX)

Date Weekly Closing Price Open High Low Volume
05 Fri Mar 2021 1508.60 1520.00 1567.40 1496.00 1.741 times
25 Thu Feb 2021 1520.00 1501.00 1531.55 1478.50 0.411 times
19 Fri Feb 2021 1501.40 1583.00 1594.60 1490.40 0.549 times
12 Fri Feb 2021 1564.60 1594.00 1596.15 1485.50 1.982 times
05 Fri Feb 2021 1585.25 1649.80 1664.00 1572.00 2.257 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
05 Fri Mar 2021 1508.60 1520.00 1567.40 1496.00 0.172 times
25 Thu Feb 2021 1520.00 1649.80 1664.00 1478.50 1.775 times
29 Fri Jan 2021 1643.45 1740.00 1797.70 1625.00 0.492 times
31 Thu Dec 2020 1730.70 1622.00 1779.90 1550.50 1.802 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 17, 20, 8 Sell
MACD -54, -62Buy
Stochastics 57None
CCI 9Sell
RSI 52Buy
OBV -1980595Sell
VWAP 1516Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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

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

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 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 Weak and stock is losing momentum.

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

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

Multi Commodity Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Multi Commodity in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 1515.57 and Multi Commodity (MCX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.

Click here for Multi Commodity charts

Click here for further forecast and predictions for tomorrow

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