MRPL Breaks Long-Term Trendline – Bullish Structure EmergingMRPL has finally broken above its long-term descending trendline with strong bullish momentum, indicating a possible trend reversal. The stock is also forming a higher low structure, which adds strength to the breakout.
Key Levels:
Immediate Support: 165–166
Major Support: 158–160
Resistance 1: 188–190
Resistance 2: 208–212
As long as the price holds above 165–166, the breakout remains valid. A sustained move above 188–190 could open the way towards 208–212 in the coming sessions.
Traders sh
MRPL
MRPL - Is this a start of big upmove?The monthly chart of MRPL is looking very interesting for a positional trade.
We can see a clear higher high , higher low formation with a multi year breakout.
With the rising crude prices, we might see a correction in this stock which can bring it to a good buying zone.
Levels are mentioned on chart.
I am expecting at least 2x returns from CMP based on technical analysis.
Company is a PSU stock with ONGC as major promoter making it a fundamentally good stock for long term as well.
It is a per
Mangalore Refinery and Petrochemicals Limited Daily Chart Latest reference price: about ₹194–₹195 in recent market data.
📉 Daily Pivot Levels (1-Day Time Frame)
Level Price (₹)
Pivot Point 193.42
Resistance 1 (R1) 197.27
Resistance 2 (R2) 199.85
Resistance 3 (R3) 203.70
Support 1 (S1) 190.84
Support 2 (S2) 186.99
Support 3 (S3) 184.41
These pivot levels help traders identify intraday support, resistance, and possible breakout zones.
📊 Indicator Snapshot (Daily)
RSI (14): ~71 → strong bullish momentum but near overbought zone.
Price is above 20, 50
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in MRPL
BUY TODAY SELL TOMORROW for 5%
MRPL AnalysisTHIS IS MY CHART OF THE WEEK PICK
FOR LEARNING PURPOSE
MRPL- The current price of MRPL is 148.95 rupees
I am going to buy this stock because of the reasons as follows-
1. It's retesting the zone which acted as a great resistance in 2007 as well as 2017. So it's a quite old level of interest and now, that zone can act as good support.
2. It got a good buying force in 2023-2024 and went up by almost 450+% and then went into correction. In last few weeks, it has moved up by 50% and then went
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in MRPL
BUY TODAY SELL TOMORROW for 5%
MRPL (D): At a Critical ResistanceOverall Context and Current Setup
After reaching its all-time high in February 2024, MRPL entered a pronounced downtrend. However, a potential reversal has been forming since March 2025, marked by the stock establishing a clear pattern of Higher Lows .
The stock is currently challenging a critical, long-term horizontal resistance line that originated in October 2024. This level has repelled multiple breakout attempts in the past.
Today's Price Action
Today, the stock showed significant bul
Mangalore Refinery and Petrochemicals LtdMRPL's technical structure appears bullish if it can break and sustain above its current resistance. Otherwise, it will likely continue its range-bound movement within the channel.
The price movement shows a "Falling Channel" (downtrend channel) within a larger uptrend channel. This suggests the stock has been correcting within a broader bullish structure. It recently bounced from the lower boundary of the falling channel, around 150, which is acting as a key support level.
If MRPL closes abov
MRPL cmp 150.87 by Daily Chart view- Updated reviewMRPL cmp 150.87 by Daily Chart view- Updated review
- Support Zone at 126 to 133 Price Band respected
- Resistance Zone at 151 to 158 Price Band remains sustained
- Bullish Head and Shoulders pattern completed along with the VCP pattern too is done
- Stock seems getting ready for Resistance Zone Breakout and create a fresh upside momentum
- Earlier review for MRPL shared on 28-May-2025
MRPL is on bullish Reversal mode for 64% gain.MRPL:-
It is showing reversal from support level of 100. (100 is also a psychological level).
It forms Bullish engulf candle at fibbo level 78.6% which is sign of reversal.
This engulfs candle may convert soon in Inv. H&S pattern.
As per chart it may test minimum target of 230 soon which is 64% rise from here.
After cross and sustain above 150 it may take speed.
MRPL for 100% gainsDate: 17 Oct’24
Symbol: MRPL
Timeframe: Daily
Mangalore Refineries & Petrochemicals seems to be in final stages of Wave 4. If it goes down further from present level, 160 should hold well. Both rising volumes and divergence in RSI suggest accumulation in progress in the stock. Wave 5 can mount to around 330-340 (2X from current price of 169). I can review the target once it heads above 230 levels.
This is not a trade recommendation. Please do your own analysis.
HINGLISH VERSION
Aisa lagta hai
MRPL - W bottom | Bullish move possibility?Price Analysis & Overview:
1. Reveral pattern formed
2. Good volume building.
3. Earnings are weak.
4. Double bottom formation.
5. Strong trendline break candle is important to determine the strength for the upmove.
Trade Plan:
- Low conviction trade, because fundamentals are not strong.
- RRR is favourable.
- ENTRY = CMP 220
- SL = 199
- TP = 300+
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a c
Short & Medium Term Trading Idea in MRPL for > 20% UpsideHi,
NSE:MRPL has given a Bullish Flag Breakout on Daily charts with very good volume.
NSE:MRPL has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned
Volume Breakout - Crossover Trade - MRPL📊 Script: MRPL
📊 Sector: Refineries
📊 Industry: Refineries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages are giving crossover.
📈 Stock is moving along with volume which indicates Volume Breakout.
📈 Script may give some profit booking initially because today stock was up by almost 11%.
📈 Right now RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 248
🟢 Target 🎯🏆 - 280
⚠️ Stoploss ☠️🚫 - 236























