Technicals for Mangalore Refinery and Petrochemicals Limited

Price Summary

With a 4.87% surge, Mangalore Refinery and Petrochemicals Limited enjoyed a phenomenal day in the stock market.
On 2026-06-03, Mangalore Refinery and Petrochemicals Limited's stock opened at 147.0, reached a high of 157.5, dropped to a low of 147.0, and closed higher 4.87% at 154.16, with a trading volume of 26014247 shares.
The stock reached its highest price of 206.77 and its lowest price of 121.65 during the 52-week period.

Technicals

Support and Resistance: At 154.16, the price for MRPL is supported at 148.71 and resisted at 156.78. This indicates a trading range where 148.71 serves as a support level, potentially preventing further decline, while 156.78 could limit upward movement.


Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for MRPL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.


Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for MRPL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.


Parabolic SAR: The PSAR has switched from bearish to bullish, hinting at a possible trend change. If this move is backed by other indicators, it could represent a very bullish signal. Traders should seek confirmation from other market trends to validate this potential reversal.


Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.


Tripple Moving Agerage: A bullish trend is signaled by the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages suggest a potential reversal. The weakening momentum in the shorter-term averages hints that the current upward trend might be nearing its end, signaling the possibility of a shift in direction.


Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.