MRF - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical breakdown of MRF Ltd. based on current indicators and chart behavior

📊 Trend Overview

Current Trend: Mildly bullish

Phase: Trending with signs of short-term consolidation

Outlook: Neutral to bullish, supported by higher lows and strong long-term moving average alignment

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹1,45,732

200 DMA: ₹1,35,705

Current Price: ₹1,49,050

Price is above both DMAs → confirms bullish trend

50 DMA > 200 DMA → golden cross pattern supports long-term strength

🔹 RSI (Relative Strength Index)

RSI: 53.8

Neutral zone, indicating balanced momentum

No overbought/oversold signal → room for upward movement

🔹 MACD (Moving Average Convergence Divergence)

MACD: 955

Positive MACD suggests bullish momentum

However, histogram shows flattening → momentum may be slowing

🔹 Bollinger Bands

Price is near the upper band, but not breaking out

Bands are moderately wide → volatility is present but not extreme

No squeeze or breakout signal currently

🔹 Volume Trends

Current Volume: 4,842

1-Week Avg Volume: 7,355

Volume is below average → suggests weak participation

May indicate short-term consolidation or lack of conviction

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,45,700 50 DMA, strong near-term support

Support 2 1,42,000 Previous swing low

Resistance 1 1,50,500 Minor resistance, recent rejection zone

Resistance 2 1,55,555 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹1,45,500–₹1,46,500 (near 50 DMA support)

Exit Zone / Profit Booking: ₹1,55,000–₹1,56,000 (resistance cluster)

🔍 Momentum Signals

Short-Term: Mild bullish momentum with signs of consolidation

Medium-Term: Trending upward, supported by moving averages and MACD

Volume: Needs improvement for sustained breakout

🧭 Conclusion

MRF is currently trending upward with short-term consolidation. Technical indicators support a bullish bias, especially with price above both DMAs and a positive MACD. However, low volume and neutral RSI suggest caution. Ideal strategy: accumulate near ₹1,45,700 and consider booking profits near ₹1,55,500 if resistance holds.

Sources: Investing.com India

1

, ET Money

2

Would you like to track MRF alongside other auto sector stocks for comparative momentum?

1

in.investing.com

2

www.etmoney.com

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