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Unite Technologies Financial

28th Jan · SEBI-Registered Analyst

Mangalore Refinery & Petrochemicals (MRPL)

MRPL
is showing a high-momentum "V-shaped" recovery. After a sharp dip in early January, it has reclaimed lost ground rapidly. The most recent candle is a strong bullish "Marubozu-like" candle, closing near the day's high (₹163.97). It has decisively broken above the moving average cluster. Support: ₹145 - ₹150 range acts as a new floor. Resistance: The stock is heading toward the ₹180 - ₹185 zone (November peaks). The slope of the recovery is steep, suggesting aggressive long positions, though it may face minor cooling near ₹170.

#Today’sTradingSetup#WatchOutFor#TechnicalViews#SectorBreakouts
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