Manglore Refinery & Pet (MRPL) - Buy on Breakout or Wait for Dip
Mangalore Refinery and Petrochemicals Limited, is a division of Oil and Natural Gas Corporation which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. Established in 1988, the refinery is located at Katipalla, north from the centre of Mangalore.
Revenue: 86,161 crores INR (US$11 billion, 2022)
Total assets: 40,071 crores INR (US$5.0 billion, 2022)
Net income: 2,950 crores INR (US$370 million, 2022)
Buy this stock above 220
As per previous chart history and technical analysis alongwith Fundamental inputs of the stock, it indicates that you can buy or hold your stock for minimum 30-50% profit in short term as per chart analysis.
All major points are mentioned on the chart itself
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always
Revenue: 86,161 crores INR (US$11 billion, 2022)
Total assets: 40,071 crores INR (US$5.0 billion, 2022)
Net income: 2,950 crores INR (US$370 million, 2022)
Buy this stock above 220
As per previous chart history and technical analysis alongwith Fundamental inputs of the stock, it indicates that you can buy or hold your stock for minimum 30-50% profit in short term as per chart analysis.
All major points are mentioned on the chart itself
Do your own research because I am not SEBI registered person and this is my personal opinion about this stock
Thanks for your support as always