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Mehran Sugar Mills Limited (MRNS) Technical Analysis on PSX
As of 06-Nov 04:31 PM, Mehran Sugar Mills Limited (MRNS), listed in the Sugar & Allied Industries sector, traded at PKR 60.35 on the Pakistan Stock Exchange. The short-term trend is neutral (sideways) with weak strength and the long-term trend is neutral (sideways). The nearest short-term support zone is PKR 58.22 – 58.70 and the nearest short-term resistance zone is PKR 61.50 – 61.98.
MRNS key levels and trend
| Sector | Sugar & Allied Industries |
|---|---|
| Last price (PKR) | 60.35 |
| Short-term trend | neutral (sideways), weak strength |
| Long-term trend | neutral (sideways) |
| Short-term support zone (PKR) | 58.22 – 58.70 |
| Short-term resistance zone (PKR) | 61.50 – 61.98 |
| Long-term support zone (PKR) | 56.37 – 58.00 |
| Long-term resistance zone (PKR) | 61.80 – 63.43 |
| Distance to nearest support | 2.7% |
| Distance to nearest resistance | 1.9% |
| Data as of | 06-Nov 04:31 PM |
Levels are calculated by FoxLogica's analyzer from PSX price history and refreshed after each trading day. They are zones, not exact prices, and can change quickly.
How to read support and resistance
Support is a price area where a stock has often stopped falling because buyers stepped in. Resistance is an area where rises have often stalled because sellers appeared. When price is close to support, the stock is near the lower edge of its recent range; close to resistance, near the upper edge. A move beyond either zone can signal a breakout or a breakdown, but many such moves fail, so traders usually combine levels with volume and a plan for limiting losses.
Frequently asked questions about MRNS
What is the current support level for MRNS?
FoxLogica's analyzer shows a short-term support zone of PKR 58.22 – 58.70 and a longer-term support zone of PKR 56.37 – 58.00 for MRNS, as of 06-Nov 04:31 PM. Support is a price area where buying interest has tended to slow declines.
What is the current resistance level for MRNS?
The short-term resistance zone is PKR 61.50 – 61.98 and the longer-term resistance zone is PKR 61.80 – 63.43, as of 06-Nov 04:31 PM. Resistance is a price area where selling pressure has tended to stop rises.
Is MRNS in an uptrend or a downtrend?
As of 06-Nov 04:31 PM, the short-term trend for MRNS is neutral (sideways) (weak strength) and the long-term trend is neutral (sideways). Trends change, so check the latest data before relying on them.
How far is MRNS from support and resistance?
At PKR 60.35, MRNS is about 2.7% above the nearest support and 1.9% below the nearest resistance, based on the analyzer data as of 06-Nov 04:31 PM.
Is this financial advice?
No. This page is educational. It shows technical levels calculated from price history and is not personalized advice, a recommendation to buy or sell, or a forecast. Trading involves substantial risk of loss.
Other Sugar & Allied Industries stocks
- Noon Sugar Mills Limited (NONS)
- Premier Sugar Mills (PMRS)
- Sanghar Sugar Mills Limited (SANSM)
- Sindh Abadgars Sugar Mills Limited (SASML)
- Shahtaj Sugar Mills Limited (SHJS)
- Shahmurad Sugar Mills Limited (SHSML)
- Tariq Corporation Limited (TCORP)
- Thal Industries Corporation Limited (TICL)
!now MRNS.Disclaimer: Trading in stocks and securities involves substantial risk of loss. FoxLogica provides educational content, analytical tools and community insights, not personalized licensed financial advice, and is not a registered brokerage or advisory firm unless separately stated. Past performance is not indicative of future results. Do your own research.