Fundamentally very strong Multi commodity exchange printed a flag and given a very big breakout with volume that is reliable.
MCX is almost debt free.
MCX has delivered good profit growth of 20.31% CAGR over last 5 years
MCX has been maintaining a healthy dividend payout of 65.72%
Flag breakout on weekly time frame
Rsi breakout on daily and weekly charts
1. Stock is trading at All time high, breaks out multi year resistance.
2. Stocks with these kind of break out will generally double in few months.
3. Company had announced its Excellent Q1 numbers recently.
4. This stock is good long term bet.
Note: Please do your own analysis before taking your position. Happy investing.!