📊 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...
Volatility and Volume Contraction on Daily Charts
and Price breaking with strong volume
RSI going above 60
Momentum indicator going above avg line
Relative strength is strong
Price broke Super Trend as well
Looks ripe for strong upthrust
Can Be bought with 209 SL and 290 1st tgt
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...
MRPL, bullishness explained with the help of channels, elliott waves & support & resistance.
IF anyone is curious about Elliott wave learning one can connect. Thanks !!
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...
mrpl has given a 16 year breakout of 147 level, as per reverse fibonacci , next tgt are 354 and 500 time duration 8 months , sl 40 points below breakout level go long and have patience
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
MANGLORE REFINERY AND PETROCHEMICAL LIMITED
Target: RS 215
CMP: RS 203.95
ENTRY RANGE: 201-206
STOP LOSS: RS 175
Disclaimer: I am not Sebi Registered.
Beautifull cup and handle pattern.
Was consolidating for very long.
Breakout with huge volume.
The only downside is high debt to equity.
Note: only for educational purpose
AFTER more than 10 years of long consolidation, it has given a strong breakout with good volume .
entry- 150-170
sl - low of monthly candle and go long for medium to long term.
• Buy MRPL at 155 SL 146 TGT 201
• It has broken 16 years cup
• Successfully closed above previous resistance of 148.95
• Fundamentally looking good
• Sector also supporting
Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement daily candle to close above - "95"
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If you are interested in investment, go for it with proper risk,
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Overall " MRPL" fundamentally good stock.
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and...
Introduction:
Mangalore Refinery and Petrochemicals Limited (MRPL) is a Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. MRPL is located in beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India). The 15.0MMTPA (Million Metric Ton...
