Short term swing trade (A): Financial Services stock | Indian stock trading Signal on 17 Mar 2026

NOTE

Closing Price: ₹2,556 (as of Mar 16, 2025)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Multi Commodity Exchange of India Limited (MCX) operates India’s leading commodity derivatives exchange, providing an online platform for trading commodity futures.

It enables trading in bullion, base metals, energy, and agricultural commodities, and offers iCOMDEX, a real-time commodity price index. MCX also provides clearing and settlement services, along with data feeds and exchange memberships.

The exchange has strategic partnerships with global exchanges such as CME Group, London Metal Exchange, Dalian Commodity Exchange, and others.

Incorporated in 2002, MCX is headquartered in Mumbai, India.

Website: https://www.mcxindia.com/

Q3 FY26 Earnings Call Summary & Financial Highlights

Earnings Call Summary

MCX had a very strong quarter, helped by high trading activity and better participation across commodity segments.
Business performance was strong overall, with revenue, EBITDA, and profit rising sharply during the quarter.
Management’s commentary was positive, with focus on sustaining volume growth, improving product depth, and expanding market participation.
The company also stressed the importance of stable technology and smooth exchange operations after earlier platform-related issues.
A small regulatory overhang linked to the earlier disruption remained, but it did not change the overall positive business outlook.

Financial Highlights

Metric	Q3 FY26 Dec 2025	Q2 FY26 Sep 2025	QoQ Change	Q3 FY25 Dec 2024	YoY Change
Revenue / Net Sales (Rs cr)	665.62	374.00	77.97%	301.38	120.86%
Total Income (Rs cr)	697.11	400.00	74.28%	324.36	114.96%
Operating Profit / EBITDA (Rs cr)	526.65	242.00	117.62%	216.10	143.71%
Operating Margin (OPM %)	74%	65%	900 bps	64%	1,000 bps
Net Profit / PAT (Rs cr)	401.12	197.00	103.61%	160.04	150.64%
EPS (Rs)	15.73	7.74	103.23%	6.28	150.48%

Price Performance & Volume Analysis

Price Performance

Volume Analysis

Technical Analysis

Key Observations

The stock is currently taking support at the trendline and is likely to bounce from these levels.

Working with an experienced positional stock trading advisor in India makes it easier to manage risk while riding medium-term trends.

Technical Image - Daily Timeframe

Technical Indicators

Oscillators

Indicator	Value	Zone
RSI-14	58.44	Neutral
CCI-14	64.78	Neutral
MFI	55.41	Neutral
ROC	4.34	Positive
Stochastic %K	61.66	Neutral
William %R	-27.22	Neutral

Exponential Moving Averages (EMAs)

EMA	Value	Stock Position
5 EMA	2534	Above
10 EMA	2515	Above
20 EMA	2488	Above
50 EMA	2384	Above
100 EMA	2222	Above
200 EMA	1963	Above

Conclusion

Multi Commodity Exchange of India Stock Price Forecast

Based on our short term trade recommendations, the Multi Commodity Exchange of India stock price target will be INR 2650 - INR 2670 in the next 12-14 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

Buy within the recommended price range. You may allow up to 1% flexibility beyond the range if needed.
No need to rush. The recommendation remains valid for up to 7 days, not just at market open.
Use a trailing stop-loss to protect and lock in profits.
Diversify your trading capital across our other recommended stocks to reduce risk.
Invest responsibly. Trade only with funds you can afford to lose and hedge positions where appropriate.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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