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MANGALORE REFINERY & PETROCHEMMANGALORE REFINERY & PETROCHEMMANGALORE REFINERY & PETROCHEM

MANGALORE REFINERY & PETROCHEM

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MRPL trade ideas

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 ki Mangalore Refinery and Petrochemicals Wave 4 ke antim charan mein hain. Yadi yah vartamaan star se aur neeche jaata hai, to 160 level ko hold karna chahiye. Badhti volume aur RSI mein vichalan donon hi stock mein accumulation ka sanket dete hain. Wave 5 lagabhag 330-340 (vartamaan keemat 169 se 2 guna) tak badh sakta hai. Ek baar 230 ke star se oopar pahunch jae to main iske target ki dubara sameeksha kar sakta hoon. Yah koi trade lene ki salah nahin hai. Kripya apna vishleshan svayan karen.
NSE:MRPLLong
by DhandhaPaani
MRPL LongMRPL is trading in range (consolidation) from Feb 2024 as per the daily time frame charts. Stock is making symmetrical triangle pattern as per the charts. Stock will breakup from the long period of consolidation and is likely move up considering trend in markets and lower crude prices. Also, there is squeeze in Bollinger bands and RSI is in the buying zone. Entry at current market price of 201 Immediate targets will be 216-220 Stop loss will be 195. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:MRPLLong
by Casahilsharma93
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 comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:MRPLLong
by SuperNova396
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 on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:MRPLLong
by raigvivek
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 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
NSE:MRPLLong
by radha_23
MRPL (Multiyear Breakout Setup)Mangalore Refinery and Petrochemicals Limited (MRPL) is giving a multiyear breakout on the monthly chart (also weekly). The possibility of upside is for 206, 260, and 290 levels. Also, continuously increasing volumes are seen on the monthly chart. The level of 148 can act as support. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:MRPLLong
by onkarsoundankar
6