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SoftEngTrader
Mar 3, 2021 12:26 PM

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

MOIL LTDNSE

Description

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 !

Comment

about to reach first target

Comment

First target done, second missed by few points.
Comments
MarimuthuSuppaya
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.
SoftEngTrader
@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 !
amitary1982
stop loss
SoftEngTrader
@amitary1982, Hi Amit, for short term 133 and mid term 120 on WCB
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