WEEKLY AND MONTHLY BREAKOUT after 17 year now on retest levelsSTOCK PRICE BREAKOUT AFTER 17 YEAR
now stock on retest levels
entry : 145
stoploss :118
target :253
nice time to enter on long trade with define stoploss and target
MRPL trade ideas
MRPL - Weekly AnalysisIn the Weekly Chart of MRPL ,
we can see that; it has taken a strong support on 145 levels.
Also, Consolidation is done on support levels.
Expecting it to show a very strong up move from here.
MRPL - Weekly Chart AnalysisRetest Zone Identified: The price has returned to a key historical retest zone near ₹157, which has acted as significant resistance in the past and is now being tested as a support level.
Historical Context: After a strong breakout above this level, the stock rallied significantly, indicating the importance of this zone. The retest suggests potential accumulation in this area.
Price Action: The price seems to be forming a base in the highlighted support zone, showing a possibility of upward momentum if this level holds.
Future Projection: A potential bullish scenario has been illustrated with a dotted purple line, suggesting a move towards ₹264 and beyond if the retest is successful and buying interest resumes.
Key Levels to Watch:
Support: ₹135-₹157 (Green Zone)
Resistance: ₹264 (Next Major Resistance)
Conclusion: MRPL is at a critical juncture. If the retest zone holds, it could present a strong buying opportunity for a potential long-term uptrend. Traders should monitor this zone closely for confirmation of bullish momentum.
Mangalore Refinery And Petrochemicals LimitedMangalore Refinery And Petrochemicals Limited
cmp 152 /153 sl 140 closing basis
tar open
MRPL looking good on a monthly timeframe#MRPL gave a breakout in Jan'24 at a level of 150. It has now successfully confirmed a retest. Upside potential: 60-70%. Stop loss: 145. This is not a buy/sell recommendation. Research carefully and invest at your own risk
intraday view towards down side in MPRLAs we can see in the charts there is a breakdown in 1st 5 minutes and the first target that comes up to the downside is for 5% so you can easily take a scalp in MRPL for a quick 5% return
#MRPL #Long_Term_PickMRPL - 16 yrs Range Breakout & Pullback for
NSE:MRPL by Piyush-Gupta - Trading View
India
TradingView India. Beautiful 16yrs range, followed by 100% move & complete retracement.
Can be added at current level till 140 (Add
50% now & add 15% on every 5% fall till 140)
Stop loss will be 135 (day closing)
Targets - 185, 200, 240, 280
MRPL - 16 yrs Range Breakout & PullbackBeautiful 16yrs range, followed by 100% move & complete retracement.
Can be added at current level till 140 (Add 50% now & add 15% on every 5% fall till 140)
Stop loss will be 135 (day closing)
Targets - 185, 200, 240, 280
Thanks
Piyush Gupta
Learn & Earn
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.
MRPL: IN BUY ZONEMRPL faced significant challenges last year, with poor results causing the stock to drop nearly 30%. Our analysis suggests that now is an opportune time to enter this stock, adopting a 'buy on dips' strategy until the stop-loss is triggered. Considering its promising future, entry and exit points are indicated on the chart.
Might Continue to be Bearish.It has Broken Below a Symmetrical Triangle and Also a Strong Support Zone of 200.
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.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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MRPLDate 15.08.2024
MRPL
Timeframe : Day chart
Remarks :
Formed descending triangle & at neckline.
In between 100 ema & 200 ema as support & resistance.
Breakout & breakdown arrows/direction is marked.
Regards,
Ankur
#MRPL. WXYXZ PATTERN VISIBLE...........NEED MORE CORRECTION Current price...201
Three drive bullish pattern forming
WXYXZ pattern forming which leads price to 160.
Behalf of Three drive pattern correction should be end in August last or September first .
These are only assumption. Sharing my idea only for educational purpose. NSE:MRPL NSE:MRPL
MRPL | Ascending Triangle Breakout | Swing TradeMRPL | Ascending Triangle Breakout | Swing Trade
MRPL | Ascending Triangle Breakout | Swing Trade
MRPLMRPL is trying to breakout from this zone. levels are marked on chart and it can start second run of huge return from here. let's watch this chart for swing trade. #MRPL #nifty50
Symmetrical triangle idea explained for 12 July markets I daily make educational content videos for swing / positional trading
MRPLLooks good on DAILY TIME FRAME
No Resistance on higher time frame effecting the price action
DESCENDING TRIANGLE BREAKOUT
volumes are phenomenal
risk reward is good
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
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.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
MRPL Long at 248.7Volatility 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
