MRPL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 3.4

Mangalore Refinery and Petrochemicals Ltd (MRPL) shows limited potential for intraday trading today. While the stock has seen past bullish setups, current momentum indicators and volume trends suggest caution.

⚙️ Technical & Momentum Analysis

Trend Positioning

Current price: ₹131

Trading below both 50-DMA (₹142) and 200-DMA (₹145) — confirms short-term bearish bias

Volume

Current volume: ~55 lakh, well below weekly average (~143 lakh)

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Indicates low trader conviction

Momentum Indicators

RSI: 39.0 — bearish zone, approaching oversold

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MACD: -0.71 — bearish crossover

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ADX: 23.81 — weak trend strength

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VWAP: ₹144.13 — price is far below VWAP, confirming bearish sentiment

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SuperTrend: Bullish at ₹135.46 — price is below this level, signaling weakness

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💰 Optimal Buy Price (Intraday)

Buy Zone: ₹128–₹130 (only if price shows reversal signs near support)

Confirmation: Enter long only if price closes above ₹135.46 on a 5-min candle with rising volume

Avoid Buying: If price fails to hold above ₹132 and shows weak candles near resistance

🎯 Exit Levels

Type Price Range Strategy

Profit Target 1 ₹135–₹137 Conservative exit near SuperTrend resistance

Profit Target 2 ₹140–₹144 Aggressive exit if breakout sustains

Stop Loss ₹126.5 Below recent support and intraday low

📈 If You Already Hold MRPL Today

Exit Signal

If price fails to reclaim ₹135.46 with volume fading

If MACD remains negative and RSI dips below 35

VWAP Breach: Exit if price fails to sustain above ₹144.13 VWAP

Reversal Zone: Watch for weakness near ₹137–₹140 — this is a key resistance cluster

🧠 Final Thoughts

MRPL is not ideal for aggressive intraday trades today due to weak momentum, low volume, and bearish technicals. However, range-bound scalping between ₹128–₹137 may be viable with tight risk controls. Avoid chasing breakouts unless volume and price action confirm strength.

Would you like a comparative setup for other oil refining stocks like IOC or BPCL for intraday trades?

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