MCX Outlook for the Week (August 07, 2023 - August 11, 2023)

MCX closed the previous week on a negative note losing 8.48%.

Technically, MCX share price will see immediate support at 1,565.60 and immediate resistance would be seen at 1,711.60.

If MCX share price closes below immediate support of 1,565.60, then sharp breakdown can be seen. MCX share price will see major support at 1,497.30 for the week.

On the positive side, immediate resistance will be seen at 1,711.60. Closing above 1,711.60, MCX share price will see a sharp breakout. Major resistance for MCX share price will be seen at 1,789.30 for the week.

Trading range for MCX share price for this week should be between 1,419.60 on down side and 1,857.60 on up side.

MCX Previous Week High: 1721

MCX Previous Week Low: 1575

MCX Previous Week Range: 146 Points

MCX share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type	Value
Resistance 3	1,857.60
Resistance 2	1,789.30
Resistance 1	1,711.60
Support 1	1,565.60
Support 2	1,497.30
Support 3	1,419.60

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MCX Outlook for the Week (August 07, 2023 – August 11, 2023)

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