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Technicals for MRF Limited
Price Summary
On 2026-04-09, MRF's stock started at 133695.0, reached a high of 135395.0, fell to 131750.0, and ended 0.24% higher at 134020.0, with 10661 shares traded.Throughout the 52-week period, the stock hit a high of 162295.0 and a low of 0.0.
10 analysts predict that the future price of MRF will be in the range of 113350.0 to 181000.0, with a mean expected price of about 150702.0.
Technicals
Support and Resistance: The price of 134020.0 is supported at 132165.0 and encounters resistance at 148760.0. This suggests key levels where the price might find stability, with 132165.0 providing a base and 148760.0 acting as an upper boundary for MRF.Aroon: The AROON indicator reflects a strong bullish trend, with the Aroon Up moving higher and the Aroon Oscillator reversing. This indicates a potential shift to an upward trend, suggesting that the market may be entering a phase of increased bullish activity for MRF. Investors might view this as a signal of potential gains, with the market trend turning in favor of buyers.
Bol. Bands: The current reading of the BOLL BANDS is neutral for MRF, 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.
Parabolic SAR: The PSAR for MRF continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement.
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the slopes of the faster averages hint at a potential reversal. The weakening signals from these shorter-term averages indicate that the current upward momentum may be fading, suggesting that a change in direction could be near.
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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