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Technicals for MRF Limited
By MusingTheNews
2025-08-15 20:45
Overall Technical outlook
Price Summary
MRF Limited's stock started trading at 139000.0 on 2025-08-14, climbed to 139750.0, fell to 137900.0, and closed -0.38% down at 138475.0, with 4133 shares traded. The stock's highest price over the 52-week span is 152470.0, while the lowest price is 102659.4. Based on recommendations from 10 analysts, the future price of MRF is expected to range from 105820.0 to 168426.0, with an average price expectation around 135979.9.
Technicals
Support and Resistance: The current price of 138475.0 is supported at 114264.5, with resistance at 140145.0. This suggests that the price for MRF might remain between these levels, where 114264.5 acts as a floor and 140145.0 as a ceiling in the market. Support/Resistance for MRF
Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Aroon chart for MRF Limited
Bol. Bands: The price has fallen below the lower Bollinger Band, suggesting that the market might be experiencing oversold conditions. This move reflects increased selling pressure, driving prices to a significant low. The breach could either indicate a continuation of the downtrend or a possible reversal if traders start to see this as a buying opportunity at these depressed levels. Bolinger Bands chart for MRF Limited
Parabolic SAR: The PSAR continues its bearish trend for MRF Limited, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment. Parabolic Stop and Reverse chart for MRF Limited
Stochastic: The stochastic indicator for MRF shows the K-line crossing over the D-line while remaining below 20, which is generally seen as the start of a bullish move. This setup indicates that the market may be emerging from a lower level, potentially signaling the beginning of an uptrend. Traders could view this as an early buying signal. Stochastic chart for MRF Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Tripple SMA chart for MRF Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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