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Technicals for Mangalore Refinery and Petrochemicals Limited
By MusingTheNews
2025-12-15 20:47
Overall Technical outlook
Price Summary
Mangalore Refinery and Petrochemicals Limited's stock saw a -2.02% fall, showcasing an unimpressive market day. Mangalore Refinery and Petrochemicals Limited's stock opened at 152.76 on 2025-12-11, surged to 153.05, hit a low of 149.4, and closed up -2.02% at 149.68, with 1658856 shares traded. The highest price the stock achieved in the past 52 weeks is 183.52, while the lowest price it saw is 101.4.
Technicals
Support and Resistance: At 149.68, the price is held up by support at 144.83 and faces resistance at 150.87 for MRPL. This suggests a trading range where 144.83 provides a base and 150.87 limits upward movement. Support/Resistance for MRPL
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for Mangalore Refinery and Petrochemicals Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for Mangalore Refinery and Petrochemicals Limited
Parabolic SAR: The PSAR for MRPL continues to indicate a bearish outlook, reinforcing a resistance level that could limit upward potential. This suggests that the market may remain under bearish control, with resistance acting as a barrier to significant upward movement. Parabolic Stop and Reverse chart for Mangalore Refinery and Petrochemicals Limited
Stochastic: With the K-line positioned above the D-line and under 20 on the stochastic indicator, the market may be entering a bullish phase. This pattern indicates that the market could be preparing for an upward trend, emerging from a lower level. Investors might interpret this as a signal of potential growth for Mangalore Refinery and Petrochemicals Limited. Stochastic chart for Mangalore Refinery and Petrochemicals Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Tripple SMA chart for Mangalore Refinery and Petrochemicals Limited
When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.
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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