SoftEngTrader

MOIL | Oppurtunity for a BO trade | Keep on radar | Weekly TF

Long
NSE:MOIL   MOIL LTD
NSE:MOIL

1. Breakout after long time consolidation. Gave cup and handle BO
2. Round bottom formation.
3. Spurt in volume this time to support BO.

Good opportunity for BO traders, though should wait for candle to finish before entering.

Pull back traders can wait for pull back as well.

This is only for educational purpose and not any recommendation.

Please don't forget to hit like button if you liked the idea and please comment your views. It will motivate me to post more.

Thank-you !

Comments

Pull back with break out. To make a call ,Close observation at the area of location needed. Let us see what the chart is trying to convey us.
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SoftEngTrader MarimuthuSuppaya
@MarimuthuSuppaya, totally agree, this is the reason i ask to keep on radar could be a candidate.
let's wait and watch how it turns to be.

Thank you for your views !
Reply
stop loss
Reply
SoftEngTrader amitary1982
@amitary1982, Hi Amit, for short term 133 and mid term 120 on WCB
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