MRPL - Technical Analysis with Chart Patterns & Indicators

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

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Technical Rating: 4.1

Technical Analysis Summary

• Trend: Trending upward with strong breakout momentum
• Moving Averages: Price (₹166) is well above DMA 50 and DMA 200 (₹141), confirming bullish momentum
• RSI (75.6): Overbought zone, signaling potential short-term pullback
• MACD (6.79): Bullish crossover, supporting continued upside
• Bollinger Bands: Price near upper band, indicating strength but also volatility risk
• Volume: High volume (2.93 Cr vs 2.34 Cr), confirming strong buying interest

Entry & Exit Zones

• Support: ₹158 – ₹162 (recent breakout base)
• Resistance: ₹172 – ₹175 (52-week high zone)
• Optimal Entry: ₹160 – ₹164 on pullback with volume confirmation
• Exit Zone: ₹172 – ₹175 if price stalls near resistance

Positive

• Strong quarterly turnaround: PAT ₹639 Cr vs previous loss of ₹272 Cr
• Price up 91.8% over 52 weeks
• MACD and volume trends support bullish breakout
• EPS of ₹5.90 and improving sentiment

Limitation

• RSI in overbought zone may trigger short-term correction
• ROCE (4.36%) and ROE (0.40%) remain weak
• PEG ratio of -0.38 indicates valuation concerns
• No dividend yield and moderate debt-to-equity ratio (0.81)

Company Negative News

• Past losses and volatility in refining margins raise sustainability concerns

Company Positive News

• Strong quarterly recovery and improving demand outlook
• Positive DII sentiment (+0.07%) and volume surge

Industry

• MRPL operates in the oil refining and marketing sector
• Peers include IOC, BPCL, and HPCL

Conclusion

MRPL is currently trending upward with strong technical momentum and volume confirmation. While RSI suggests caution for short-term traders, the breakout above key averages and earnings recovery support a bullish outlook. Ideal entry near ₹160 with targets around ₹175, keeping an eye on volatility and macro trends.