Bullish Divergence in MRPL. There is higher lows in chart and lower lows in RSI .
There is also Ascending Triangle, if price break 144 level the target will be 170 in future.
Although not 100% valid pattern, however, If the scrip breakout from core resistance level of 141, One can aim for price target as defined
Enter above 143 (Post confirmation) as the day chart is showing bearish retracement for now after uptrend..
MACD golden cross (bullish breakout pattern) also seems to be showing the way where short term moving average goes...
BEARISH AB=CD pattern in MRPL . And it is currently at its resistance level.
One can short it below 140 closing basis .
TARGET 1- 133
TARGET 2- 127
STOPLOSS - 146 (Blue line )
The stock has broken out form long term range , its on bullish trend and now it has to retest the range in order to confirm the continuation of trend for further higher high
here I am just looking for few points , With open i am looking for reversal sign for short selling for target of 134 , its not advised for everyone who do not have experience how to take...
MACD and RSI divergence
Broken trend line support retesting
P.S: I'm still learning and a newbie so please leave comments and help me learn better. Thankyou. :)
MRPL has been trading in uptrend and it closed on weekend making downside channel breakout,the stock may see downside upto the fibo 23% level around 123 in near term.
NSE:MRPL Mangalore Refinery and Petrochemicals Ltd has posted a profit before tax of Rs 1,137 crore as against Rs 509 crore for during the corresponding previous quarter. The profit after tax for first quarter of the current fiscal is Rs 720 crore as against Rs 405 crore in the corresponding quarter last fiscal. The gross refining margin (GRM) stood at $10.01/bbl...
