Multi Commodity Exchange of India Limited (MCX):
Likely Target: Rs 1,750 and Rs 1,800
Upside Potential: 7% to 10%
After conquering the resistance at Rs 1,650 level in July 2021, the shares of Muti Commodity Exchange of India managed to breakout on the upside. However, selling pressure thereafter forced the stock to retest the consolidation support placed around Rs 1,450 levels. The current reversal and nearing of earlier key levels clearly suggests positive strength can trigger fresh upside towards Rs 1,750 and 1800 in the coming sessions. CLICK HERE
Likely Target: Rs 1,750 and Rs 1,800
Upside Potential: 7% to 10%
After conquering the resistance at Rs 1,650 level in July 2021, the shares of Muti Commodity Exchange of India managed to breakout on the upside. However, selling pressure thereafter forced the stock to retest the consolidation support placed around Rs 1,450 levels. The current reversal and nearing of earlier key levels clearly suggests positive strength can trigger fresh upside towards Rs 1,750 and 1800 in the coming sessions. CLICK HERE