Stock Radar: MRPL bounces back after forming double bottom formation; stock still down 25% from highs – should you buy?

Mangalore Refinery and Petrochemicals Ltd stock is showing positive signals. A double bottom formation on daily charts indicates a potential comeback for bulls. Experts suggest buying the stock for a target of Rs 180 in the coming weeks. The stock has reclaimed its 200-day moving average, a bullish sign.