MOIL Approaching Key Resistance Zone- Keep In Watchlist
MOIL is approaching a significant resistance level around 420 on the 4-hour chart. A successful breakout above this level could see the price moving towards the ₹460 zone. The RSI is trending higher, indicating increasing buying strength. Volume shows a gradual increase, signaling growing interest. Immediate support can be found around 390. Traders should watch for a volume spike to confirm the breakout for higher targets, while a failure to break this resistance could lead to consolidation.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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