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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.

Showing technical analysis as on 2024-03-12 View latest technical analysis

10 day averaged volume of Mangalore Refinery is 5112287

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	210.00	218.85	221.60	205.55	1.001 times
11 Mon Mar 2024	218.85	233.70	234.45	217.00	0.592 times
07 Thu Mar 2024	233.20	234.65	237.10	231.15	0.562 times
06 Wed Mar 2024	234.60	239.85	243.70	228.25	0.86 times
05 Tue Mar 2024	239.70	229.30	248.40	228.70	2.652 times
04 Mon Mar 2024	229.15	234.05	234.40	226.05	0.6 times
02 Sat Mar 2024	233.10	230.00	234.85	228.90	0.119 times
01 Fri Mar 2024	229.15	230.40	237.90	228.05	0.797 times
29 Thu Feb 2024	227.80	232.00	235.65	225.65	0.706 times
28 Wed Feb 2024	230.15	236.00	251.40	228.00	2.343 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 219.8, but if it comes above 219.8, then a intra day buy could be more profitable.
If you take a sell trade below 219.8, then use 219.8 as stoploss and 197.6 as target. However if you take a buy trade in stock , then use 219.8 as stoploss and 238.23 as target.

Share price targets for Mangalore Refinery (MRPL)

Target Type	Value
Downside Target	101.10
Downside Target	118.80
Downside Target	126.15
Downside Target	136.00
Downside Target	174.65
Downside Target	186.00
Downside Target	205.55
Upside Target	225.65
Upside Target	234.45
Upside Target	242.75
Upside Target	248.40
Upside Target	248.65
Upside Target	251.40
Upside Target	289.25

Intraday share price targets for Mangalore Refinery (MRPL)

Target Type	Value
Downside Intraday Target	198.88
Downside Intraday Target	187.77
Upside Intraday Target	227.78
Upside Intraday Target	245.57
Upside Intraday Target	216.67

Weekly technical analysis of Mangalore Refinery (MRPL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	210.00	233.70	234.45	205.55	0.341 times
07 Thu Mar 2024	233.20	234.05	248.40	226.05	0.793 times
02 Sat Mar 2024	233.10	246.10	251.40	225.65	0.334 times
23 Fri Feb 2024	245.85	252.00	289.25	242.75	0.669 times
16 Fri Feb 2024	241.05	188.70	248.65	174.65	3.297 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
12 Tue Mar 2024	210.00	230.40	248.40	205.55	0.116 times
29 Thu Feb 2024	227.80	178.40	289.25	174.65	1.531 times
31 Wed Jan 2024	177.05	133.40	186.00	128.00	2.125 times
29 Fri Dec 2023	133.15	122.25	136.00	118.80	0.57 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 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 short to mid 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 mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mangalore Refinery stock for short term is SELL. Signal strength is Weak 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 coming down

CCI has generated a SELL signal for Mangalore Refinery in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 230.28 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.