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Technicals for MRF Limited
By MusingTheNews
2026-01-30 20:45
Overall Technical outlook
Price Summary
MRF Limited's stock, on 2026-01-30 opened at 130900.0, climbed to a high of 133000.0, dropped to a low of 130025.0, and closed up 0.97% at 132165.0, with 18857 shares traded. In the last 52 weeks, the stock's top price was 162295.0 and the bottom price was 102659.4. 10 analysts forecast that the price of MRF will range from 113350.0 to 178536.0, with an average expected price near 149330.9.
Technicals
Aroon: Aroon's bearish trend remains strong, with Aroon Down consistently at the 100 level. This indicates sustained bearish momentum, but further analysis is required using other indicators to determine the trend's long-term effects. Aroon chart for MRF Limited
Bol. Bands: In the latest move, the price for MRF has crossed above the lower Bollinger Band, having previously been below it. This upward movement might suggest that the market is beginning to recover from a period of overselling. The crossing of this key level could indicate a potential reversal in the bearish trend, signaling a shift towards more positive price action. Bolinger Bands chart for MRF Limited
Parabolic SAR: The PSAR maintains a bearish outlook, setting a key resistance level that could limit further gains. This resistance reinforces the bearish sentiment, indicating that the market may face challenges in pushing higher. Parabolic Stop and Reverse chart for MRF Limited
Stochastic: The stochastic indicator reflects a bullish signal as the K-line crosses above the D-line and remains below 20, hinting at the beginning of a bullish move. This setup suggests that the market may be starting to rise from a low point, potentially leading to gains. Traders could consider this a favorable entry point for MRF. Stochastic chart for MRF Limited
Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the potential for a reversal is hinted at by the slopes of the shorter-term averages. These faster-moving averages show signs of weakening momentum, indicating that while the overall trend is still upward, a reversal could be approaching. Tripple SMA chart for MRF Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
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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