MCX Outlook for the Week (November 18, 2024 – November 22, 2024)
Multi Commodity Exchange of India closed the previous week on a negative note losing -6.75%.
Technically, Multi Commodity Exchange of India share price will see immediate support at 5,747.53 and immediate resistance would be seen at 6,316.88.
If Multi Commodity Exchange of India share price closes below immediate support of 5,747.53, then sharp breakdown can be seen. Multi Commodity Exchange of India share price will see major support at 5,544.42 for the week.
On the positive side, immediate resistance will be seen at 6,316.88. Closing above 6,316.88, Multi Commodity Exchange of India share price will see a sharp breakout. Major resistance for Multi Commodity Exchange of India share price will be seen at 6,683.12 for the week.
Trading range for Multi Commodity Exchange of India share price for this week should be between 5,178.18 on down side and 6,886.23 on up side.
Multi Commodity Exchange of India Previous Week Open: 6381.15
Multi Commodity Exchange of India Previous Week High: 6480
Multi Commodity Exchange of India Previous Week Low: 5910.65
Multi Commodity Exchange of India Previous Week Close: 5950.65
Multi Commodity Exchange of India Previous Week Range: 569.35 Points
Multi Commodity Exchange of India share price support and resistance for the week (November 18, 2024 - November 22, 2024)
| Level Type | Value |
|---|---|
| Resistance 3 | 6,886.23 |
| Resistance 2 | 6,683.12 |
| Resistance 1 | 6,316.88 |
| Support 1 | 5,747.53 |
| Support 2 | 5,544.42 |
| Support 3 | 5,178.18 |
