The outlook is bullish for Mangalore Refinery and Petrochemicals Ltd (MRPL) is bullish. The stock is getting strong support in the ₹140-₹138 region over the last couple of weeks. The 21-Day Moving Average (DMA), currently at ₹143 has been giving good support since September this year. There are good chances for the stock to sustain above this 21-DMA support going forward. Moving average crossovers on the daily chart also strengthens the bullish case. MRPL share price can rise to ₹167 over the next few weeks. Traders can buy MRPL now at ₹153. Accumulate on dips at ₹146. Keep the stop-loss at ₹141. Trail the stop-loss up to ₹155 when the price goes up to ₹158. Revise the stop-loss higher to ₹157 and ₹161 when the price touches ₹160 and ₹164 respectively. Exit the stock at ₹167.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on October 29, 2025
