Stock of the day : Multi Commodity Exchange Of India Ltd by Target Rs. 2730- Religare Broking Ltd
Multi Commodity Exchange Of India Ltd
MCX indicates a strong and established uptrend, with price managing above key moving averages while expanding spread between medium- and long-term averages reinforces the prevailing bullish market structure.
* Recent consolidation appears constructive, reflecting healthy supply absorption rather than distribution.
* The formation of higher highs and higher lows continues to validate positive trend momentum.
* Traders may consider initiating long positions within the specified accumulation range.
Buy Multi Commodity Exchange Of India Ltd CMP 2553.50 Range 2550-2555 SL 2460 Target 2730
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SEBI Registration number is INZ00017433
