Moil - Ascending Triangle patternPrice forming ascending triangle and got the required compression, it is ready for the break.
MOIL
MOIL in Correction! But will Blast off after its over.NSE: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.
MOIL SHORT TERM ANALYSIS🔰 SHORT+LONG TERM 🔰
enter @ 135-140 range✨
trgt 170-200-260✨
long 300++✨
They are the largest manganese ore producers of the country. ✨
q3 was negative...🥵😊
but I am expecting a good movemnt in the stock in short term.🤼♂️
like - comment - support 🍁
study then invest...🍁
maybe it will test your patience🍁
remember :
🔰 "The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett. 🔰
Buy65 days EMA has been sloping up but in last 3-4 sessions 240 Days EMA has started moving up which is a positive sign. Buying can be done with sl below 128 ( daily closing) for target of 200+
Disc : it's not an investment advice to buy or sell
Abhi mujh me baki thodi si jindagi hai !!Dip towards 126.20-125.50 is an opportunity to go long with sl below 124 for taget of 134-136.
Disc : it's not an investment advise to buy or sell
LongLooks set for upmove towads 200 with reversal below 117.
Disc : it's not an investment advise to buy or sell
TREND LINE BREAKOUT WITH GOOD VOLUME So basically this is a good setup for short term view investment you can earn 10 to 20% return easily. The buying level is above 145 and the selling level is 155, 163,170,183,200, 213 with a Stop loss of 120.
MOIL FOR SWING OR POSITIONBUY ABOVE 131 FOR POSITIONAL
CMP: 129
TRGT :140 / 145
SL:124 TAKING SUPPORT ON 124 SO YOU CAN PLACE SOME POINTS BELOW IT
CAN FOLLOW FIB LEVELS
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
At support buy with small stopPrice near to the trend line support level, one can enter long from this level with small stop loss and look for the target at resistance line at 160 levels. Expecting the price to break from that level and reach a target of 190 - 200 levels.
Moil : Wait for close above 165MOIL is trading in parallel channel. Breakout will be above 160 but we'll wait for daily close above 165 to confirm reversal and formation of higher top. Above 165 target would be 200 with SL below 150 .
RSI and CCI is confirming direction of the trend.
MOILRounded Bottom Pattern formed in a downtrend.
Waiting for the charts to close above 200.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
