MRPL trade ideas
MRPL - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
MRPL- Price Volume BreakoutLooks great on the chart.
Volume shocker category.
Suggested buying above 64.50 for 75 Rs with 60 Rs as Stoploss.
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
my eyes on this one i have both type of view on mrpl trading as well as investment
trading view = buy target 62/65 stoploss 55.50
but i will invest in mrpl in sip mode
i will share my stratergy with you and the reason for my view and let me know if like it or not and agree or not
some key stats for mrpl
mcap to sales = 0.09
price to cash flow =. 2.13
price to sales =. 0.09
pitroski score =. 9
price to earning=. 0.093
growth
loss in last two quaterly results highly fluctuating results net profit shoots up or goes in loss
88.58 % shares held by ongc and hpcl
has not given any dividend from 2019 onwards
debt ratio 2.27 total debt18437 crs which has been used until 2020 for setting up the refinery at low interest rates source unknown interest rate can go up in rising rates enviorment. thats the reason of share price fall till now as per sebi guidlines promoter holding has to be max 75% the promoters are holding more than that as of now so may be after june july in last time there can be some fpo or sale of shares from promoter group the promoters are not going to sell at cheap price that is understandable so undervalued as of now but for how long that is the big question i will buy this stock only 10% now and will add over 3/4 months coming max till june july on decline only todays price is max i am going to pay for this stock and on declines will add on fundamental basis for max 2 years period
i my view 56 is good level technically
MRPL MRPL is looking Weak Technically !!
Broken ALl the supports !!
Expecting the fall to continue until 62 to 58 levels
MANGALORE REFINERY (MRPL) VIEW My positional view on NSE:MRPL
Target would be 82. My STOP Loss will be 70 only.
Note: This is my personal view. Only for learners.
Mangalore Refinerry India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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MRPL 1dtfLook like a strong buying candle has the potential to break resistance and in weekly bullish engulfing has been formed if comes down also good for accumulation up to 75 otherwise breaks the resistance makes move up to 125
MRPL Positional long 6 months to 1 yearMRPL Positional long 6 months to 1 year time frame
Stock has consolidated from July 26th to 20th Sept given a breakout
also there are fundamental changes in this PSU company may lead stock to reach higher levels in coming weeks
Company Market cap is 9000 Cr.
Stock only 2 time of Book value.
Only Concern of the companies expenses.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
MANGALORE Ref. & Pet.Keep this stock on radar...
Good Breakout with huge volume seen past week....
Stock might retest its breakout ...
One should accumulate some qty at 65 thn at 62-60...
Can easily give target of 75/80 in Medium term
Mangalore Refinery And Petrochemicals Limited (Long)trading above 200 Ema on daily chart
Good Volume seen
took support at 43
Buy 44-45
SL 43
TGT 51-53
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
MANGALORE REFINERY & PETROCHEMICALStaking support at 200 EMA
Good volume seen in this stock
bounced from Support level
ready to fly
Buy near 44-44.5
SL 42
TGT 49-52-55
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
#MRPL
ENTRY 1 with 40% allocation @43.5(CMP)
ENTRY 2 with 60% allocation above 45.5
StopLoss - 40 weekly close
DISCLAIMER: EDUCATIONAL View
