MRPL very strong in chart
NSE:MRPL can be bought with a target of 135/140 with stoploss of 127. Breaching of stoploss is a failed channel breakout.
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 )
SELL with reversal if failed to close above 135 and close above 140 can make move up to 155
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...
Seems a buy. can be bought for 144 with exit SL if it enters the channel again on closing basis.
11 Jul 2017:: MRPL :: Retrace done, take long position with small SL Buy entry 117-120 target 128-134 Sl 114.5 Note: Buy sell its your choice.
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 MRPL Long positional Entry @ 102.5 Stop Loss @ 96 Target 1 108 Target 2 114
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...