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Technicals for Mangalore Refinery and Petrochemicals Limited
By MusingTheNews
2025-12-11 20:47
Overall Technical outlook
Price Summary
A -2.02% tumble in Mangalore Refinery and Petrochemicals Limited's stock marked an poor day on the market. On 2025-12-11, Mangalore Refinery and Petrochemicals Limited's stock opened at 152.76, reached 153.05, hit a low of 149.4, and rose -2.02% to close at 149.68, with 1658856 shares traded. During the 52-week span, the stock hit a high of 183.52 and a low of 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 state of the AROON 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. Aroon chart for Mangalore Refinery and Petrochemicals Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for MRPL, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Mangalore Refinery and Petrochemicals Limited
Parabolic SAR: The PSAR remains bearish for Mangalore Refinery and Petrochemicals Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise. Parabolic Stop and Reverse chart for Mangalore Refinery and Petrochemicals Limited
Stochastic: With the K-line above the D-line and under 20 on the stochastic indicator, a bullish move is likely for MRPL. This configuration suggests that the market could be transitioning from a lower level, potentially leading to an upward trend. Investors might consider this an early signal for potential growth. Stochastic chart for Mangalore Refinery and Petrochemicals Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Tripple SMA chart for Mangalore Refinery and Petrochemicals Limited
A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.
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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