MOIL is in ongoing corrective phase but as we know the demand of semiconductors and associated chemicals is on a rise due to Electric Vehicle segment in our country.MOIL has a long term benefit as the EV sector in India gains pace this entire decade.
The price level of Rs125 is a good resistance area.
Lets be patient with MOIL and watch it reverse with confirmation at levels of 120-125.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.