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(MRPL) Mangalore Refinery complete technical analysis [charts+indicators] | Buy/Sell Mangalore Refinery | (MRPL) share price targets

Complete technical analysis of Mangalore Refinery (MRPL) by charts plus indicators, forecast predictions and share price targets for Mangalore Refinery (MRPL)

Mangalore Refinery trades in NSE in Refineries sector.

10 day averaged volume of Mangalore Refinery is 11597628

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	221.75	215.80	227.35	215.50	0.577 times
07 Tue May 2024	214.70	231.15	233.90	214.00	0.696 times
06 Mon May 2024	229.05	254.00	256.50	228.00	1.019 times
03 Fri May 2024	251.50	255.35	258.60	248.00	0.495 times
02 Thu May 2024	254.05	251.40	257.15	246.15	0.499 times
30 Tue Apr 2024	250.15	251.75	259.90	248.00	0.609 times
29 Mon Apr 2024	250.45	252.45	256.90	248.50	0.496 times
26 Fri Apr 2024	250.95	251.10	259.20	245.65	1.188 times
25 Thu Apr 2024	250.05	250.95	256.70	246.15	1.396 times
24 Wed Apr 2024	248.70	226.25	253.70	225.10	3.436 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 220.6 as stoploss in an intra day buy trade for a target of 233.67. However, stock will show a bearish move below 220.6.

Share price targets for Mangalore Refinery (MRPL)

Target Type	Value
Downside Target	128.00
Downside Target	174.65
Downside Target	182.10
Downside Target	186.00
Downside Target	209.10
Downside Target	214.00
Downside Target	220.80
Upside Target	233.70
Upside Target	241.35
Upside Target	256.50
Upside Target	258.60
Upside Target	259.20
Upside Target	259.90
Upside Target	289.25

Intraday share price targets for Mangalore Refinery (MRPL)

Target Type	Value
Downside Intraday Target	205
Downside Intraday Target	188.25
Upside Intraday Target	247.5
Upside Intraday Target	273.25
Upside Intraday Target	230.75

Weekly technical analysis of Mangalore Refinery (MRPL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	221.75	254.00	256.50	214.00	1.092 times
03 Fri May 2024	251.50	252.45	259.90	246.15	0.329 times
26 Fri Apr 2024	250.95	229.00	259.20	222.35	4.143 times
19 Fri Apr 2024	227.00	217.80	233.70	209.10	1.535 times
12 Fri Apr 2024	221.90	240.30	241.35	220.80	0.471 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mangalore Refinery (MRPL)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	221.75	251.40	258.60	214.00	0.27 times
30 Tue Apr 2024	250.15	219.00	259.90	209.10	1.287 times
28 Thu Mar 2024	218.55	230.40	248.40	182.10	0.346 times
29 Thu Feb 2024	227.80	178.40	289.25	174.65	1.531 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mangalore Refinery (MRPL)

Price action analysis of Mangalore Refinery ( (MRPL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mangalore Refinery ( (MRPL) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mangalore Refinery ( (MRPL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mangalore Refinery stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mangalore Refinery in short term but the sell signal is initial and weak.

Mangalore Refinery Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalore Refinery in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mangalore Refinery is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 244.01 and Mangalore Refinery (MRPL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mangalore Refinery (MRPL) stock. Volume based technical analysis of Mangalore Refinery (MRPL) stock is negative.

Mangalore Refinery Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.