Mangalore Refinery and Petrochemicals Limited has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
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The stock has
support at rupee 50.00 and resistance at
rupee 62.00. Volume has previously been
high at price tops and low at price bottoms.
Volume balance is also positive, which
strengthens the stock. The RSI curve
shows a rising trend, which could be an
early signal of the start of a rising trend for
the price as well. The stock is overall
assessed as technically positive for the
medium long term.
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