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MOIL LTD
Long

Moil - Low Risk Setup

By anandlive
Updated

CMP 334.60 on 02.11.24
The price has been corrected by around 40% from the higher levels.
All important levels are marked on the charts. If crosses the area of 340-370 and sustains above, may go into a bullish phase again. targets may be 380/480 and even more.
If sustains below 310 and sustains below, the setup goes weak.
At present point, the risk-reward ratio is quite good.
This is my view only for learning and sharing purposes, not trading advice in any form.
All the best for your trading journeys.
Trade active
Good strength was shown yesterday. Closed 342.75.
Trade closed: stop reached
Setup failed.
CASHChart PatternsinvestmentlongsetupMOILpositionalswingTrend Analysis
anandlive

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