MOIL has formed Reverse Head & Shoulder Pattern after long down trend. Can be added at current level around 157-158 with target of 170 and set SL at 153. This gives us risk to reward ration of 1:3.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Sell MOIL closing 149.75 with stop loss 159.5 then targets are 136-121.
Selling Reason.
1 --> Weekly Price closing below the trendline.
2 --> Weekly RSI is ready to break 40.
3 --> ADX is showing a Bearish move and -DMI is rising.
4 --> Volume is also Selling pressure.
5 --> Bollinger Bands also show the Bands are ready to open in Downside.
6 -->...
Hi guys, In this chart i Found a Demand Zone in MOIL for Long Term, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Picture
...because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank Q
NSE:MOIL
*Stock is Trading in rising channel pattern
*Weekly 200 SMA will paly as strong support now
*Sustain Above 186 must for next up move
DISCLAIMER:I AM NOT REGISTERED ANALYST. ALL POSTS ARE FOR EDUCATIONAL PURPOSE ONLY. I AM NOT RESPONSIBLE FOR YOUR ANY LOSS OR PROFIT. CONSULT YOUR ADVISER BEFORE TAKING ANY TRADE. I HELP PEOPLE TO LEARN TECHNICAL...
I will buy MOIL because :
Fundamental strong
Technical More strong
Symmetric Triangle.
Expected Level - 223/240/260
Avg Reward-62-68 (35-40%)
R/R: 1:4++
time 2-3 month.
MOIL has formed cup and handel pattern in monthaly charts. Can be added at current levels @170 on minor dips with strick stop loss of 155 on daily closing basis with a target of 280 which is its life time high and also target with range calculation in 1 year . This gives us very good risk to rewad ration of 1:7 .
MOIL looking very good techniqually. as per QUQ result also good. stock form symmetrical triangle chart pattern. If stock hold demand zone then stock run like bull.
Monthly Chart:
Weekly Chart:
Daily Chart:
I hope the charts are clear enough for you to understand...If not then you can ask me in the comments below
Follow me for more such analysis ahead
Till then,
HAPPY TRADING :)
Hello Guys,
MOIL was Trading in a very eminent pattern called Rounding bottom pattern. Also, in mothly Time Frame it is showing recovery from the previous fall. Volume is also good in last two moths.
Here, Stock path is bullish and it Broke Previous Resistance and Retraced from there so we can expect a big move now within 3 moths.
Today, it also broke Triangle...
Good base in moil
BO with good volumes and volume increasing continuously
Buy at CMP
add on dip till 150
target 210-225
weak below 133
Market Cap--₹ 4,178 Cr.
Company is debt free.
Promoter +institutional holdings >82%
Free float--1,571.17
#MOIL
CMP - 178.95
Only Above 185
Next Levels can be expected 195 & 205
View will be negated below 164
Disclaimer : This idea is only for education purpose, Pls consult your financial advisor
We are not Sebi registered.
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As you can see that when the scrip went halfway to the target. we got an opportunity to scale out 1/3 or 1/2 of the original qty entered. this could have prevented losses at the same time would've booked some profits. so when it comes to trading , it is important to keep our fear and greed gauges in check . otherwise we wouldn't survive in this for a long term ....
HAVE A LOOK AT THE PAST PERFORMANCE ON THIS PAGE!
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
![MOIL: Moil Buy...[breakout/positional trade]](https://s3.tradingview.com/l/ltZAcHdq_mid.png "Moil Buy...[breakout/positional trade]")
