Sure, let's break it down in simpler terms:
"MRPL, which stands for Mangalore Refinery and Petrochemicals Limited, has been forming a rounding button pattern over the past 1.5 years. This pattern suggests that the stock has been consolidating, meaning it has been trading within a certain range.
Now, based on this pattern, it seems like a good time to consider buying the stock, especially if its price goes above 130. The target prices to consider are 145, 164, 200, and 254.
Stoplossbelow 98. One can buy accumulation basis as it can retest till 98
In simpler words, MRPL has been in a stable phase, and if it crosses the 130 mark, it might be a good idea to buy. The potential future prices to aim for are 145, 164, 200, and 254."
Please note that investing in the stock market involves risks, and it's essential to do thorough research or consult with a financial advisor before making any investment decisions.