Head and shoulder in MRPLMRPL forms a head and shoulder pattern on a daily chart and gave a breakdown but then is on full sideways consolidation so that if the price goes above 80 it's a good buying opportunity.
MRPL trade ideas
MRPL -- DAILY TRENDLINE BREAKOUT MRPL -- DAILY CHART -- TRENDLINE BREAKOUT
1. MRPL seen trendline breakout on daily chart last closing candle with good volumn
2. consolidation seen at 68-73 level last few session and consecutive bottom formation seen around this level where breakout of consolidation also seen
3. stock can move to bullish since trix flow line also turn green and look for breakout above o line
4. positional long trede can initiate with good risk reward ratio buy at 75 level for target 80-90-100+ ( 1-2 month ) Stop loss bellow 65
5. this quarter performance is look inline and better as fundamental improves so price wise reflection can seen .
** THIS IDEA IS for Educational purpose ** trade at own risk !!
HAPPY TRADING !!
Head and Shoulder H&SLevel Mark in the Chart for those who has long position in chart
MRPL
Last Hope....Exist if close below mark region
MRPL showing BULLISH SignsMRPL is in a Bullish Mode for past several weeks. The Price has moved up supported with Strong Volumes. A Few Resistances has been broken and the Stock seem to be moving up with Strength. The 30 EMA lines is now clearly below the Price line indicating the Prices are supported by good buying.
Target 1 achieved in MRPL. Gain of 41% Target 2 is ON.This is follow-up on Mangalore Refinery & Petrochemicals Ltd. Can check link to related ideas.
Target 1 achieved. Gain of more than 41%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MRPL - Rounding bottom patternMRPL formed a Rounding bottom pattern and testing an importent level after nearly three and half years. Cab be a good buying opportunity for a target of 130.
Breakout in Mangalore Refinery & Petrochemicals Ltd...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
MRPL looking gud aftr long consolidation ZoneBreakout in MRPL with huge volume
can give 10-15% upside move .
first target is 77 after that it can retest their BO level.
Here is no advice for buying or selling it is just educational purpose.
breakout with rounding bottombreakout on charts with rounding bottom pattern .
Fundamentals are good with high volume on charts and good closing on Friday as well
MRPL ON HIGH WITH VOLUMEMangalore Refinery & Petrochemicals Limited (MRPL) was set up as a joint venture (JV) between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL). It is now a subsidiary of the Oil & Natural Gas Corporation(ONGC). The company is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels, and distribution of petroleum products through retail outlets and transport terminals
The company is expected to give a good quarter
Stock is trading at 3.39 times its book value
The company has a low-interest coverage ratio.
The company has delivered a poor sales growth of -4.20% over the past five years.
The company has had a low return on equity of -15.09% for the last 3 years.
The company might be capitalizing on the interest cost
TRADE ONLY ON YOUR DUE DILIGENCE
MRPL ( EDUCATIONAL PURPOSE ONLY)
There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY)
MANGLORE REFINERY AND PETROCHEMICAL LIMITED with target of RS 75 CMP IS RS 67.90
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR RS 55
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED
long on MFSTas we can see it has break the resistance with huge volume in weekly tf
targets are very high
go for the investment with small amount
MRPL | Good for Long NSE:MRPL
Cmp : 57.65
Entry : Closing above 58.2 may give target
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
Above 63.80may blast more
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
MRPL as long term movement observation posted only as to leran technical analysis via sharing .
one can observe on own risk.
#MRPL Harmonic#MRPL Harmonic
accumulate on dip for good RR
Target -75/78
SL-37
CMP:54.50 @11 April 2022
MRPLStock took support again from the demand zone, The last 2 candles are wide with increase in volume. With a SL below 40 on closing basis hold the stock with target 49/51/57.
Cup and Handle FormationThe stock is making a cup and handle pattern and looks good above 57.8 level for a positional target of 63
Bullish NSE:MRPLBuy = 56.73375
SL = 50
Target 1 = 70.20125
Target 2 = 76.935
25/10/2021
Bullish NSE:MRPL-->Mangalore Refinery & Petrochemicals Ltd. Fully Paid Ord. Shrs
Buy for short term
Show your support to me by sharing only 1% of your profit at tradewithanusha@sbi
MRPL -Swing CandidateMRPL
Buy-Above 58
Add at 50
Sl-39
Target - 75 86
Mid Term Holding
Buy In Chunks
