MCX (D) - Gathers Steam for All-Time High BreakoutMulti Commodity Exchange of India (MCX) is showing strong bullish momentum as it closes in on its all-time high. After a period of healthy consolidation, today's positive price action suggests the stock is preparing to challenge its key resistance level.
The Context: Consolidation Below the Peak
Following a strong bullish uptrend, MCX entered a sideways consolidation phase in June 2025. It registered a new All-Time High (ATH) in July 2025 , which established a formidable resistance level that has capped all subsequent rallies.
Today, the stock showed renewed strength with a solid gain of +2.87% on good volume. This move has pushed the price to less than 2% below its ATH resistance , placing it on high alert for an imminent breakout attempt.
Underlying Technical Strength
The potential for a breakout is strongly supported by key technical indicators across multiple timeframes (Monthly, Weekly, and Daily):
- EMA Crossover: The short-term Exponential Moving Averages (EMAs) are in a bullish positive crossover state.
- Rising RSI: The Relative Strength Index (RSI) is rising, confirming that momentum is building.
These indicators suggest a broad-based strength that could fuel a move to new highs.
Outlook and Key Levels
The immediate path for MCX will be determined by its interaction with the ATH resistance.
- Bullish Breakout Scenario: A decisive close above the all-time high on strong volume would confirm a breakout and signal a continuation of the primary uptrend. The next potential target in this scenario would be the ₹10,800 level.
- Potential Pullback Scenario: If the stock fails to breach the resistance and loses momentum, it could pull back to test the lower end of its consolidation range, with the primary support level at ₹7,800 .
In conclusion, MCX is coiled for a potentially significant move. The focus in the coming days should be squarely on the price and volume action at the all-time high resistance, as a breakout here would be a major bullish signal.
Potentialalltimehigh
Subros (D) - Hits New ATH, Breaking Out of ConsolidationSubros has demonstrated exceptional strength, surging to a new All-Time High (ATH) today with a significant +10.45% gain . This powerful move was supported by a massive spike in trading volume, suggesting the potential end of the sideways consolidation phase that has been in place since June 2025.
Comprehensive Bullish Confirmation 👍
The breakout is validated by a strong alignment of bullish signals across all major timeframes:
- Multi-Timeframe Momentum: The Relative Strength Index (RSI) is indicating a bullish state on the monthly, weekly, and daily charts , showcasing broad-based strength.
- Short-Term Confirmation: The short-term Exponential Moving Averages (EMAs) are in a strong bullish crossover, confirming the immediate upward momentum.
- Volume Thrust: The breakout was accompanied by an exceptionally high volume spike , indicating strong conviction from buyers.
Outlook and Key Levels
Following a significant breakout, a retest of the previous resistance trendline as new support would provide strong confirmation of a continued uptrend.
- Bullish Case 📈: If the upward momentum is sustained, the next potential price target on the upside is ₹1,347 .
- Bearish Case 📉: Conversely, if the breakout fails to hold and momentum is lost, the stock could pull back to find support near the ₹916 level.
Banco India (Daily Timeframe) - Potential ATH ??Banco India remains in a dominant long-term uptrend that started in June 2020. After a brief corrective downtrend from November 2024 to April 2025, the stock entered a sideways consolidation phase.
Today, the stock decisively broke out of this consolidation range with a surge of +12.84% on significant volume , signaling strong buyer commitment & a new All Time High (ATH) . This bullish move is further supported by short-term Exponential Moving Averages (EMAs), which are in a positive crossover state.
If this upward momentum is sustained, the next potential price target is the ₹850 level. Conversely, a failure to hold the breakout could see the price retrace to support near the ₹530 level.
Price-action is what matters !!
Apollo Micro Systems (Weekly Timeframe) - Momentum to continue ?Apollo Micro Systems has been in a steep, aggressive uptrend since August 2025, delivering a remarkable +92% return in a short period. The stock is exhibiting classic signs of strong bullish momentum, but the velocity of the rise warrants a closer look at its sustainability.
## Bullish Momentum Indicators 📈
Exceptional Volume: The rally has been supported by extraordinary trading volume for the past four to five weeks, indicating significant and sustained buying interest.
Technical Strength: The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, confirming the powerful upward momentum.
Buyer Conviction: The recently formed weekly candle indicates strong demand and suggests that buyers remain in control of the trend.
## Outlook and Key Levels
While the trend is undeniably strong, the rapid ascent raises the possibility of near-term profit-booking. Such a pullback could be a healthy correction, potentially offering more favorable entry points for those who missed the initial move.
Upside Potential: If the current momentum continues, the stock could surge towards the next logical target of ₹376.
Downside Risk: A correction or loss of momentum could see the stock pull back to test the support level around ₹261.
In summary, while the underlying trend remains powerful, traders should be mindful of the potential for increased volatility after such a sharp and rapid advance.
Gokul Agro (Weekly Timeframe) - Can it BreakOut & new ATH ?Gokul Agro has undergone a significant trend reversal, shifting from a downtrend that began in December 2024 to a renewed uptrend since April 2025. This recovery has brought the stock within striking distance of its all-time high (ATH).
Recent price action has been particularly strong, highlighted by a +9.39% gain last week, which was supported by healthy trading volumes, indicating strong buyer conviction. Further technical confirmation comes from the short-term EMAs, which are stacked in a bullish formation, signaling strong upward momentum.
A sustained push through the current resistance could propel the stock to a new ATH. Beyond that, the next projected technical target is the ₹490 level. Conversely, a failure to break out could see the price pull back to the primary support zone around ₹285 .
Monitor the price-action !!