MRPL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.2

Here’s a detailed technical analysis of Mangalore Refinery and Petrochemicals Ltd (MRPL)

📊 Trend Overview

Current Trend: Weak and range-bound

Phase: Consolidating with bearish undertones

Bias: Neutral to negative, due to poor earnings and weak MACD

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹130

200 DMA: ₹140

Current Price: ₹131

Price is hovering near 50 DMA but below 200 DMA → signals indecision

No bullish crossover → confirms lack of trend strength

🔹 RSI (Relative Strength Index)

RSI: 58.5

Neutral zone → no overbought/oversold signal

Suggests mild buying interest but not strong momentum

🔹 MACD (Moving Average Convergence Divergence)

MACD: -0.09

Slightly negative → bearish momentum

No crossover → trend remains weak

🔹 Bollinger Bands

Price near middle band → consolidation zone

Bands are moderately tight → low volatility

No breakout or squeeze pattern visible

🔹 Volume Trends

Current Volume: 23.1 lakh

1-Week Avg Volume: 16.6 lakh

Volume spike suggests short-term interest

But not backed by strong price action → speculative rather than trend-driven

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 125 Minor support zone

Support 2 115 Previous swing low

Resistance 1 140 200 DMA, key ceiling

Resistance 2 155 Intermediate resistance

Resistance 3 192 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹125–₹130 (near support and 50 DMA)

Exit Zone / Profit Booking: ₹140–₹155 (resistance cluster)

🔍 Momentum Signals

Short-Term: Weak momentum, MACD and RSI not confirming strength

Medium-Term: Consolidation likely to continue unless price breaks above ₹140 with volume

🧭 Conclusion

MRPL is currently consolidating with bearish undertones. Technical indicators show indecision, and the recent negative earnings (-₹272 Cr.) add pressure. Traders may consider accumulating near ₹125 with a tight stop-loss, targeting ₹140–₹155 if volume confirms a breakout.

Sources: Investing.com India

1

, ET Money Technicals

2

Would you like to track MRPL alongside other energy sector plays or set alerts for trend reversals?

1

in.investing.com

2

www.etmoney.com

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