MRPL (NSE: MRPL) closed today between ₹168-172, reflecting a bullish reversal on its daily RSI and positioning the stock for a target of ₹186.
The daily chart shows MRPL holding above the 10-, 20- and 200-day DEMA, a technical signal that the uptrend remains intact.
Hourly RSI analysis places MRPL firmly within the 80-40 bullish band; traders may consider entry at ₹168-172 with a stop at ₹162.
Chennai Petroleum (NSE: CHENNPETRO) mirrors MRPL’s momentum, breaking out of a bearish zone and staying above its 10- and 20-day DEMA, with an hourly RSI that confirms upward momentum; a target of ₹1,530 is outlined.
RR Kabel (NSE: RKKABEL) displays a similar positive reversal, with daily and hourly charts indicating continued short-term trend strength; the RSI avoids oversold territory, supporting a buy between ₹2,515-2,535, stop ₹2,440, target ₹2,675.
Analysts from Anand Rathi, led by Mehul Kothari, highlight that the sector’s average 12-month return hovers around 8%, positioning these stocks as potential outliers; investors should monitor the upcoming Q4 2026 earnings and regulatory shifts in the refining space.