June 12, 2025: Shares of Multi Commodity Exchange of India Ltd. (MCX), a Midcap in the Exchange Platform sector, closed slightly lower at ₹7,620.1, marking a modest 0.58% dip on the day. Despite today’s breather, the stock remains one of the strongest gainers on the BSE this year, with a three-month gain of nearly 60% and a stellar 100.68% return over the past 12 months.
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During today’s session, MCX shares swung between ₹7,510.55 and ₹7,685.4, staying within sight of their 52-week high of ₹8,033.3. The stock’s strong technical structure suggests that it may not be done rallying just yet.
🧮 Technical Picture: Rally May Be Cooling Off—But Uptrend Remains Intact
MCX’s daily pivot stands at ₹7,597.93. Resistance and support levels to watch closely are:
- Resistance:
- R1: ₹7,685.32
- R2: ₹7,742.43
- R3: ₹7,829.82
- Support:
- S1: ₹7,540.82
- S2: ₹7,453.43
- S3: ₹7,396.32
The moving averages highlight bullish undertones:
- 5-day SMA/EMA: ₹7,239.46 / ₹7,529.73
- 10-day SMA/EMA: ₹6,896.17 / ₹7,192.11
- 20-day SMA/EMA: ₹6,612.65 / ₹6,826.97
- 50-day SMA/EMA: ₹6,059.71 / ₹6,311
- 200-day SMA/EMA: ₹5,891.11 / ₹5,624.64
All key averages are trailing the current price, affirming the strength of the uptrend—even as the stock shows signs of short-term consolidation.
🔁 Performance Snapshot: MCX Outpaces Sector and Benchmarks
MCX has handily outperformed both the sector and its closest competitor, Indian Energy Exchange (IEX):
| Timeframe | MCX Returns | IEX Returns |
|---|---|---|
| 1 Week | +7.22% | -3.29% |
| 1 Month | +25.57% | -1.15% |
| 3 Months | +59.55% | +23.09% |
| 6 Months | +14.13% | +2.28% |
| 1 Year | +100.68% | +11.03% |
| 3 Years | +512.04% | +8.66% |
| 5 Years | +527.58% | +236.99% |
The multi-year outperformance is especially notable, signaling MCX’s growing leadership in India’s digital commodities exchange landscape.
🔍 Investor Outlook: A Healthy Pause or a Topping Pattern?
After a spectacular rise, some cooling-off is natural—and potentially even healthy. MCX remains comfortably above major moving averages, suggesting strong underlying momentum. The next breakout above ₹7,742 (R2) could push the stock toward retesting its all-time high.
However, with short-term RSI and valuation metrics potentially entering overheated territory, traders should remain alert for profit-booking pressures.
Conclusion:
MCX has delivered an impressive performance, driven by structural growth in the commodities trading ecosystem and investor appetite for platform-driven businesses. Whether you’re a long-term holder or a tactical trader, this stock remains firmly on the radar