MRF - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | MRF | Market Cap | 53,846 Cr. | Current Price | 1,26,924 ₹ | High / Low | 1,63,600 ₹ |
| Stock P/E | 22.4 | Book Value | 48,223 ₹ | Dividend Yield | 0.18 % | ROCE | 16.3 % |
| ROE | 12.4 % | Face Value | 10.0 ₹ | DMA 50 | 1,31,746 ₹ | DMA 200 | 1,38,854 ₹ |
| Chg in FII Hold | -0.20 % | Chg in DII Hold | -0.25 % | PAT Qtr | 669 Cr. | PAT Prev Qtr | 736 Cr. |
| RSI | 42.7 | MACD | -1,489 | Volume | 3,052 | Avg Vol 1Wk | 5,552 |
| Low price | 1,23,430 ₹ | High price | 1,63,600 ₹ | PEG Ratio | 0.43 | Debt to equity | 0.08 |
| 52w Index | 8.70 % | Qtr Profit Var | 34.4 % | EPS | 5,554 ₹ | Industry PE | 21.8 |
📈 Chart & Momentum Analysis
- Current price (₹1,26,924) is below DMA 50 (₹1,31,746) and DMA 200 (₹1,38,854), showing short-term and medium-term weakness.
- RSI at 42.7 indicates neutral-to-weak momentum, leaning toward oversold territory.
- MACD at -1,489 is strongly negative, signaling bearish bias.
- Bollinger Bands: Price near lower band, suggesting downside pressure.
- Volume (3,052) is below average weekly volume (5,552), showing weak participation.
🎯 Entry & Exit Zones
- Optimal entry: ₹1,23,500–₹1,25,000 (support near recent lows).
- Exit/Profit zone: ₹1,30,000–₹1,32,000 (resistance near DMA 50).
- Stop-loss: ₹1,22,500 (support zone).
📊 Trend Status
- The stock is reversing downward with bearish momentum, struggling to regain strength above moving averages.
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Positive
✔ EPS at ₹5,554 reflects strong profitability.
✔ ROCE (16.3%) and ROE (12.4%) show decent efficiency.
✔ PEG ratio at 0.43 indicates attractive growth-adjusted valuation.
✔ Low debt-to-equity (0.08) ensures financial stability.
Limitation
⚠ Trading below DMA 50 & DMA 200, showing weakness.
⚠ RSI weak, MACD strongly negative.
⚠ Volume tapering, showing lack of conviction.
Company Negative News
📉 PAT declined from ₹736 Cr. to ₹669 Cr. (-34.4%).
📉 FII holding reduced (-0.20%).
📉 DII holding reduced (-0.25%).
Company Positive News
📈 EPS remains strong at ₹5,554.
📈 Stable balance sheet with low leverage.
📈 Dividend yield at 0.18% adds investor appeal.
Industry
🚗 Tyre sector PE at 21.8, MRF trades at a slight premium (PE 22.4).
🚗 Sector outlook remains cyclical, tied to auto demand recovery.
Conclusion
🔎 MRF is reversing downward with weak momentum and bearish signals. Best strategy is cautious accumulation near ₹1,23,500–₹1,25,000 and profit booking around ₹1,30,000–₹1,32,000. A breakout above ₹1,32,000 would confirm trend reversal toward ₹1,35,000+.
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