On the daily charts of MOIL Ltd. a simple Inverted Head Shoulders pattern can be seen!! This is followed by a perfect breakout and then a perfect retrace too!!! Plus, this breakout is also the breakout of 5 year old resistance line!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: CMP (183)
Target 1: 213
Target 2: 238
Target 3: 250-252
STOP LOSS: 173
TRAIL STOP LOSS
RSI showing Momentum
MACD bullish
I would recommend going long on MOIL Ltd. for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT YOUR VIEWS ON THIS!!
LEVELS:
Entry: CMP (183)
Target 1: 213
Target 2: 238
Target 3: 250-252
STOP LOSS: 173
TRAIL STOP LOSS
RSI showing Momentum
MACD bullish
I would recommend going long on MOIL Ltd. for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT YOUR VIEWS ON THIS!!