MRF - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

MRF is currently trending upward with mild bullish momentum, supported by MACD and price action above key moving averages.

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Technical Rating: 4.4

Technical Analysis Summary

• Trend: Trending upward with higher highs and higher lows
• Moving Averages: Price (₹1,57,515) is above DMA 50 (₹1,52,923) and DMA 200 (₹1,40,662), confirming bullish trend
• RSI (54.0): Neutral zone, room for upside before overbought
• MACD (2,207): Bullish crossover, supporting upward momentum
• Bollinger Bands: Price near upper band, indicating strength but potential short-term resistance
• Volume: Slightly below average, suggesting cautious participation

Entry & Exit Zones

• Support: ₹1,52,500 – ₹1,53,500 (DMA 50 zone)
• Resistance: ₹1,60,500 – ₹1,63,600 (recent highs)
• Optimal Entry: ₹1,53,000 – ₹1,54,000 on pullback with MACD confirmation
• Exit Zone: ₹1,60,000 – ₹1,63,000 if price stalls near resistance

Positive

• Strong EPS of ₹4,113 and PEG ratio of 0.75
• Price trading well above long-term averages
• 52-week performance up 90.4%
• Low debt-to-equity ratio (0.13)

Limitation

• High P/E of 38.3 vs industry average of 31.3
• Quarterly profit decline of -13.9%
• FII holding dropped by 0.40%
• Low dividend yield (0.15%)

Company Negative News

• Muted earnings growth in recent quarter (PAT ₹484 Cr. vs ₹498 Cr.)

Company Positive News

• Strong long-term forecast with target of ₹1,80,000 in 1 year
• Technical indicators show bullish signals across multiple timeframes

Industry

• MRF operates in the automotive aftermarket sector under consumer durables
• Peers include Apollo Tyres, CEAT, and JK Tyre

Conclusion

MRF is trending upward with bullish technical indicators and strong price action above key averages. While short-term volume is light and earnings growth is muted, long-term fundamentals and forecasts remain positive. Traders may consider accumulating near ₹1,53,000 with targets around ₹1,63,000–₹1,80,000.

Sources

Investing.com India

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