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Technicals for Mangalore Refinery and Petrochemicals Limited
By MusingTheNews
2025-08-15 20:45
Overall Technical outlook
Price Summary
On 2025-08-14, Mangalore Refinery and Petrochemicals Limited's shares started at 126.0, peaked at 126.19, bottomed out at 122.4, and ended -1.9% lower at 123.6, with 1604184 shares traded. During the past 52 weeks, the highest stock price was 213.75, and the lowest was 101.4.
Technicals
Support and Resistance: The current price of 123.6 is supported at 117.37, with resistance at 125.39. This suggests that the price for MRPL might remain between these levels, where 117.37 acts as a floor and 125.39 as a ceiling in the market. Support/Resistance for MRPL
Aroon: The current state of the AROON is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Aroon chart for Mangalore Refinery and Petrochemicals Limited
Bol. Bands: The current reading of the BOLL BANDS is neutral for MRPL, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Bolinger Bands chart for Mangalore Refinery and Petrochemicals Limited
Parabolic SAR: The PSAR continues its bearish trend for Mangalore Refinery and Petrochemicals 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 Mangalore Refinery and Petrochemicals Limited
Stochastic: The stochastic indicator for MRPL 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 Mangalore Refinery and Petrochemicals Limited
Tripple Moving Agerage: The Tripple MOVING AVG 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. Tripple SMA chart for Mangalore Refinery and Petrochemicals Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
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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