Mangalore Refinery Hits 52-Week High, Experts Suggest Buy for Rs 240 Target

Mangalore Refinery & Petrochemicals Limited (MRPL), a key player in the refining and marketing industry, has successfully broken its consolidation pattern to achieve a new 52-week high of Rs 176 on November 4, 2025. This breakout follows a period of trading between Rs 193–255 after a strong rally in 2023 and early 2024, where the stock surged from Rs 50 to Rs 286. After facing pressure, the stock found support near Rs 100 in March 2025, bouncing back above the 200-week moving average. Recent performance shows a rally of over 17% in a week, 22% in a month, and 40% in three months. Technically, MRPL is trading above crucial short and long-term moving averages. While the daily Relative Strength Index (RSI) at 76.9 indicates an overbought condition, suggesting a potential pullback, the MACD is showing bullish momentum. Senior Research Analyst Bhavik Patel from Tradebulls Securities notes that after 8 months of consolidation, momentum is shifting higher. He recommends a long position with a target of Rs 240 within 4-5 months, with a stop loss below Rs 115 on a weekly closing basis. Patel also highlights that the stock needs to close above 50% of its Fibonacci retracement to validate a trend reversal, but current volume and price action suggest a move towards the next resistance levels of Rs 196 and Rs 214.

Impact This news is highly significant for MRPL investors. The breakout to a 52-week high, coupled with a strong expert recommendation to buy with a clear price target and stop loss, suggests potential for further upside. This could lead to increased investor interest and trading volume in MRPL, positively impacting its stock price in the short to medium term. Impact Rating: 7/10

Difficult Terms Explained: Consolidation Phase: A period where a stock's price trades within a narrow, sideways range, indicating indecision in the market. 52-week high: The highest price a stock has reached within the last 52 weeks (one year). Breakout: When a stock's price moves decisively above a resistance level or below a support level after a period of consolidation. Moving Averages (DMA/WMA): Technical indicators that average a stock's price over a specified period (e.g., 5, 10, 50, 200 days/weeks). Trading above them often signals positive momentum. Relative Strength Index (RSI): An oscillator measuring the speed and change of price movements. An RSI above 70 generally indicates the stock is overbought (potentially due for a pullback). MACD (Moving Average Convergence Divergence): A momentum indicator showing the relationship between two moving averages. A bullish signal occurs when the MACD line crosses above the signal line. Fibonacci Retracement: A tool used to identify potential support and resistance levels based on historical price movements. Key levels are percentages like 23.6%, 38.2%, 50% etc. Stop Loss: An order to sell a stock at a specified price to limit potential losses.