MCX share price forecast – Stock closed above resistance, bulls will be favored.

MCX share price forecast
mcx share price forecast

Advertisements

Stock showed strong bulls action once it holds above its resistance zone @ 1136.50 during trading hours, intraday it touched an high @ 1169. Technical chart indicates that stock has now closed above its trend line resistance zone, as long as it holds above its trend line bulls will be favored and price rise expecting in coming days. Visit this page for MCX share price forecast. For today’s trading 24-07-17 has closed with a gain of Rs.37.80 up by 3.35% at Rs.1165.55.

Advertisements

MCX share price forecast – Stock finding resistance @ 1136.50.
mcx share price forecast

Stock witnessed intraday bulls action once it holds above its resistance @ 1117 (as shown in previous technical chart) and stock touched an intrday high @ 1136.50. Stock now finding strong trend line resistance at current levels @ 1136.50 as shown in above image. Further bulls action expecting once stock closes and holds above 1136.50. Intraday price rise expecting once it holds above 1136.50 during trading hours. Visit this page for mcx share price forecast. Suggested link – Visit link for BEML support resistance. Today (21-07-17 stock closed with a gain of Rs.25.10 (+2.28%) at Rs.1127.75 at NSE.


MCX share price forecast – Stock at resistance @ 1117.
mcx share price forecast

Stock finding strong trend line resistance at current levels @ 1117. technical chart indicates we can see bulls action once stock closes and holds above 1117. As long as it holds below its trend line bears will be favored and fall expecting. Intraday we can see bulls action once stock holds above 1117. Visit this page for mcx share price forecast.

Advertisements

Stock for today’s trading (17-07-17) down by Rs. 5.60 (-0.51%) at Rs.1091. Share price of MCX opened 1098 made an intraday high 1106.20 and low of 1086.60. Total traded volumes were 118693. MCX 52 week high 1420 and 52 weeks low 925. Stock major support at 1047, 967. And stock major resistance 1117, 1135. Suggested link – Visit link to see Titan share price forecast.

Advertisements

Edelweiss maintains buy call on MCX. Edelweiss says “Given structural volume growth visibility (though now deferred beyond FY18), operating leverage benefits and MCX’s entrenched leadership, we maintain buy on the stock”. Report published on NDTV Profits.