MRF - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | MRF | Market Cap | 55,012 Cr. | Current Price | 1,29,710 ₹ | High / Low | 1,63,600 ₹ |
| Stock P/E | 24.7 | Book Value | 45,019 ₹ | Dividend Yield | 0.18 % | ROCE | 13.8 % |
| ROE | 10.5 % | Face Value | 10.0 ₹ | DMA 50 | 1,35,871 ₹ | DMA 200 | 1,41,006 ₹ |
| Chg in FII Hold | -0.20 % | Chg in DII Hold | -0.25 % | PAT Qtr | 736 Cr. | PAT Prev Qtr | 512 Cr. |
| RSI | 40.4 | MACD | -848 | Volume | 8,404 | Avg Vol 1Wk | 8,612 |
| Low price | 1,23,430 ₹ | High price | 1,63,600 ₹ | PEG Ratio | 0.49 | Debt to equity | 0.11 |
| 52w Index | 15.6 % | Qtr Profit Var | 140 % | EPS | 5,123 ₹ | Industry PE | 24.0 |
📊 MRF is trading below both its 50 DMA (₹1,35,871) and 200 DMA (₹1,41,006), indicating short-term and long-term weakness. RSI at 40.4 reflects bearish momentum, while MACD (-848) confirms strong negative divergence. Bollinger Bands suggest price near the lower range, signaling oversold conditions. Current volume (8,404) is slightly below the 1-week average (8,612), showing limited participation.
💡 Optimal Entry: ₹1,25,000–₹1,27,000 (near support zone)
🚪 Exit if Holding: Profit-taking zone around ₹1,34,000–₹1,36,000; Stop-loss below ₹1,23,000
📈 Trend Status: Reversing downward with oversold signals
✅ Positive
- Strong quarterly PAT growth (₹512 Cr → ₹736 Cr)
- EPS at ₹5,123 supports earnings visibility
- PEG ratio at 0.49 indicates reasonable growth-adjusted valuation
- Low debt-to-equity ratio (0.11)
⚠️ Limitation
- Trading below both 50 DMA and 200 DMA
- RSI near oversold zone (40.4)
- MACD strongly negative (-848)
- Decline in both FII (-0.20%) and DII (-0.25%) holdings
📉 Company Negative News
- Weak technical momentum despite strong fundamentals
- Stock underperforming relative to 52-week highs (₹1,63,600)
📈 Company Positive News
- Quarterly PAT growth of 140% supports earnings strength
- EPS stability and low leverage provide long-term resilience
🏭 Industry
- Auto sector average PE at 24.0, MRF trades in line (24.7)
- Sector outlook stable but cyclical demand pressures remain
🔎 Conclusion
MRF is reversing downward with oversold signals, trading below key moving averages. Entry near ₹1,25,000–₹1,27,000 offers a controlled risk setup, while exits around ₹1,34,000–₹1,36,000 are advisable. Strong fundamentals support long-term potential, but short-term traders should remain cautious due to bearish technical momentum.