MCX 1 Hour View

MCX 1-Hour Time Frame Levels (Structured View)

Current Price: ₹8,550 (as of 19th Sep 2025, 11:36 AM IST)

Trend Analysis (1H):

Short-term: Slightly bullish

Price action: Higher highs and higher lows in an upward channel

Key Levels:

Support Levels:

₹8,400 – Major intraday support

₹8,300 – Strong support for potential bounce

Resistance Levels:

₹8,650 – First intraday resistance

₹8,750 – Strong resistance, breakout confirmation above this

Indicators:

RSI (1H): ~60 → Moderate bullish momentum

Moving Averages (1H):

MA 20 above MA 50 → Supports bullish trend

MA alignment confirms upward momentum

Intraday Trading Notes:

Watch price reaction at ₹8,400 and ₹8,650 for reversal or breakout setups

Candlestick patterns near support/resistance levels can indicate entry/exit

Keep an eye on broader market news affecting commodities