MRPL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.0

📉 Chart Patterns & Trend: MRPL is trading at ₹148, below its 50 DMA (₹155) but slightly above its 200 DMA (₹147). This indicates a bearish consolidation phase, with the stock struggling to hold momentum near support levels.

📊 Moving Averages: Price below the 50 DMA shows short-term weakness, while holding above the 200 DMA provides some long-term support. Key resistance lies near ₹155–₹160, and support is around ₹145–₹147.

📉 RSI: At 32.1, RSI is in the oversold zone, suggesting potential short-term bounce but overall weak momentum.

📉 MACD: Negative MACD (-4.12) signals bearish momentum, reinforcing the downtrend.

📉 Bollinger Bands: Price is near the lower band, indicating oversold conditions. A rebound toward mid-band (~₹152–₹155) is possible.

📊 Volume Trends: Current volume (25.1L) is below the weekly average (40.9L), showing reduced participation. Weak volume confirms lack of strong buying interest.

🎯 Entry Zone: ₹145–₹150 (near support)

🚪 Exit Zone: ₹160–₹165 (near resistance)

Positive

• Quarterly PAT improved significantly from -₹272 Cr. to ₹639 Cr. (+194% variation).
• EPS of ₹5.90 reflects profitability recovery.
• Stock trading above 200 DMA provides long-term support.

Limitation

• Stock trading below 50 DMA indicates short-term weakness.
• Low ROCE (4.36%) and ROE (0.40%) show poor efficiency.
• No dividend yield reduces attractiveness for income investors.
• PEG ratio (-0.34) suggests weak growth prospects.

Company Negative News

• Weak efficiency ratios raise concerns about long-term sustainability.
• Decline in FII holding (-0.08%) shows reduced foreign investor confidence.

Company Positive News

• Strong quarterly profit turnaround highlights operational recovery.
• DII holding increased (+0.07%), reflecting domestic institutional support.

Industry

• Industry PE at 11.3 is lower than MRPL’s PE (25.1), suggesting overvaluation compared to peers.
• Oil refining sector remains cyclical, influenced by crude prices and global demand.

Conclusion

📌 MRPL is in a bearish consolidation phase, trading below its 50 DMA with negative MACD and oversold RSI. Entry near ₹145–₹150 may offer short-term bounce potential, while resistance at ₹160–₹165 limits upside. Despite a strong profit turnaround, weak efficiency ratios and overvaluation compared to industry peers warrant caution in the near term.