Stock of the day - Multi Commodity Exchange Ltd Target Rs. 3700 - Religare Broking Ltd
Multi Commodity Exchange Ltd
Buy Multi Commodity Exchange Ltd CMP (Rs) 3490.10 Range* 3486-3492 SL 3380 Target 3700

* MCX has registered a decisive upside breakout, supported by a sharp rise in volume, confirming the pattern and reinforcing the potential for further appreciation.
* Prices are sustaining comfortably above 20 & 50 DEMAs, while the formation of higher highs and higher lows reflects underlying strength.
* The primary trend remains firmly positive, with the latest breakout creating further upside potential.
* Traders may consider initiating fresh long positions within the recommended price range.
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