MRF - Technical Analysis

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

Technical Rating: 4.4

Here’s a comprehensive technical analysis of MRF Ltd., one of India’s most premium auto ancillary stocks

📊 Trend Overview

Current Trend: Strong Uptrend

Price is trading near its 52-week high of ₹1,53,000, reflecting bullish sentiment.

Positioned well above both 50 DMA and 200 DMA, confirming long-term strength.

📈 Technical Indicators

Moving Averages

50 DMA: ₹1,42,699 — price is above, indicating short-term bullishness.

200 DMA: ₹1,31,278 — price is well above, confirming long-term uptrend.

RSI (14): 57.6 — bullish zone, but not overbought.

MACD: +2,137 — strong bullish crossover, momentum intact.

Bollinger Bands: Price near upper band, suggesting strength but also potential volatility.

Volume: Slightly below average — minor caution, but not a reversal signal.

📌 Support & Resistance Zones

Level Type Price (₹)

Immediate Support 1,47,200 – 1,48,000

Strong Support 1,45,000 – 1,46,000

Resistance Zone 1,50,600 – 1,52,300

Major Resistance 1,53,000 – 1,55,000

Trendlines show a breakout from a bullish flag pattern, with upside potential toward ₹1,58,000–₹1,60,000.

🚀 Momentum Signals

Short-Term Entry Zone: ₹1,47,500–₹1,49,000 (on pullbacks)

Exit Zone / Target: ₹1,52,500–₹1,58,000 (near resistance or trailing stop)

Stop Loss: ₹1,45,000 (below strong support)

📌 Conclusion

Momentum: Strong and sustained.

Trend Status: Trending upward with bullish breakout confirmation.

Outlook: Positive in short to medium term. Watch for volume expansion and RSI > 60 for further upside.

Would you like a visual chart or comparison with peers like Apollo Tyres or Balkrishna Industries?

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