#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...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn...
A subsidiary company of ONGC which is engaged in the refining of crude oil business. More than 80% promoter holdings with zero promoter pledge. Debt and debtor days have reduced. Eventhough the quarterly revenue and profit margin has declined , ROCE , ROA, Book value etc improving in last 2 years. FII's and DII's are increasing their shareholdings. Also stock is...
Bullish on MRPL.
Buy with a target price of 100 for short term.
Can keep accumulating till 90.
Currently facing resistance at 94.7. once it crosses 94.7 then 100 will be coming soon.
Note - I am not a semi registered broker and this is for only educational purpose.
Buy : MRPL
Cup & Handel Patern Breakout
Uptrend continue
Buy price: 95 & Above
Stop Loss : 79
Targate 1 : 120
Targate 2 : 130
Movement : 39%
Pure Price Action Analysis
Technical Analysis
Chart patern
Trand Analysis
Disclaimer:- I Am not a sebi registered Analyst. This channel is for only educational purpose. Any profit/loss, iam not responsible....
MRPL(NSE)
Entry Above 92.4
Sl 86 (D.C.B)
Tgt 101-107
Disclaimer: I'm not a sebi registered advisor and this is not any recommendation to buy or sell.
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