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MRPL trend breakout

Long
NSE:MRPL   MANGALORE REF &PET
The stock of MRPL is trading in the range of 44.5-45.5, Forming a resistance of 46, Breakout above 46 will be our Entry point with the SL of 43.95 for the Target of 48.5. It has formed HNS formation in the downtrend which is a signal of a possible trend reversal with the potential to up to the price of 52.

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