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.

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Thank-you !
Comment: about to reach first target
Comment: First target done, second missed by few points.

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