Overview of MRPL’s Current Technical Position
Mangalore Refinery and Petrochemicals Limited (MRPL), a prominent player in the oil industry, has seen its technical trend adjust from bullish to mildly bullish as of 4 December 2025. This subtle shift reflects a market environment where positive momentum is present but tempered by cautionary signals. The stock closed recently at ₹156.10, down from the previous close of ₹159.15, trading within a 52-week range of ₹98.95 to ₹185.00. Today’s intraday high was ₹160.50, indicating some buying interest near the upper end of the day’s range.
Mixed Momentum Indicators
Examining the Moving Average Convergence Divergence (MACD), a widely respected momentum indicator, reveals a split between weekly and monthly ...
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