MRPL : Currently having a good move Looks great for a 'V' breakout
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
Multi year range breakout in MRPL Near 52 w high Breakout woth good volume and bullish candle Target : 255 SL : 145
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
Breaking resistance of 150 after so long, Volume activity increased drastically, Decisively weekly close. Manage your risk
Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement daily candle to close above - "95" . . If you are interested in investment, go for it with proper risk, . . Overall " MRPL" fundamentally good stock. . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and...
Weekly Rounding Bottom BO Entry Above 92 T1 -98.75 T2 - 116 Sl - 82
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...
MRPL broke its trendline and gave good closing above that ,so expecting some good returns in coming days .
#MRPL CMP : ₹. 118.9 Date : 25-11-23 Mangalore Refinery and Petrochemical Ltd is a miniratna company which is a subsidiary of ONGC. One of the consistent upward mover for last 1 year. Benefits the Governments imported policy at discounted price. Technically looking good. A round bottom formation completed in charts. Expected a movement towards 200 levels with...
Namaste! I want you to pay attention towards 3 arrows. 1. Black arrow: This candle had an increased selling volume (resistance), which was broken by 3rd weekly candle followed by 2 weekly candles of consolidation. 2. Blue arrow: This is the candle where bulls entered with approx double the volume and were able to close above the high of blue candle. 3. The rally...