MOIL trade ideas
MOIL - Price and Trend SetupMOIL is making nice pattern on weekly time frame. Stock is slowly gaining strength against Nifty50 and rising while making long rounding bottom spread across multi year. Looking at current price structure stock may test long time resistance of 214 soon and can break it for further up run.
MOIL EQUITY levels ...16/08/2021 (D candle)MOIL EQUITY form the Double bottom and cup & handle pattern ...so its chances to reach 200+ in short term
MOIL - Elliot WaveMOIL seems to be undergoing the 4th wave of an upward trend. The prediction is to enter trade in between .618 to .5 Fibonacci retracement levels and conservatively exit at 1.618 retracement, or go a bit further.
moil longvalue zone are getting higher fundamentals are improving volume spikes present
cant target 260 easily
Moil Ltd: RSI divergence possibilityDear traders,
MOIL LTD NSE showed a bullish trend in last one and half year.
We can see that the chart make Impulse-correction-Impulse pattern.
The trend is bullish in daily chart.
chart action---
1. The price chart is making higher highs.
2. But the RSI making lower highs.
3. The 2 hourly chart shows a downward trend.
Possibilities--
1. By chart action we can say that there is possibility of RSI divergence. So there can be a correction movement in price also. The trend will be bullish after a correction.
2. The correction can take support from Fibonacci levels 0.78 and 1.
First support - 0.78level ,price-138.9
Major support- 1 level, price-118.85
➡️ In chart Fibonacci levels are not shown .
✓Fibonacci retracement parameters- (27nov20 to 16jun21) (price from 119.70 to209.65)
Advice-
> See the chart in daily and 2 hourly time frame for a better understanding.
Thanks
MOIL Rounding Bottom breakout.MOIL has given successful rounding bottom pattern breakout with increasing volumes. My view will bullish for 2-3 months with targets and stop-loss placed in chart.
Please do your own research before taking any trades. I am not a market/investment advisor. I do this for my own and share for learning purposes.
MOIL IndiaThe chart structure perfectly fits the Richard Wycoff method of accumulation. All those who have bought shares of MOIL India at 207-200 kindly average your shares at around 170-160 range. This is a perfect setup for long term price movement.
Breakout in MOIL...Weekly close must be above yellow line for breakout confirmation.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Target 1 (20%) achieved in Moil. Target 2 is ON...This is follow-up on Moil. Can check link to related ideas.
Target 1 achieved. More than 20%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Heads Up....MOIL ready to take offMOIL Limited has reduced prices of Manganese Ore and other products by 5% from May 1, 2021.
“In line with the business practice of fixing/revising prices of Manganese Ore and other products, the Company has fixed/revised prices of different grades of Manganese Ore and other products, effective from May 1, 2021, as under,” the company said in a regulatory filing
“The prices of all grades of Ferro, SMGR grades (Mn30% & Mn25%), Fines and Chemical grades have been reduced by about 5% w.e.f. May 1, 2021 on the prices prevailing since April 1, 2021,”
Long MOIL 172
SL 120
Target 285
MOIL LONG On the daily charts of MOIL Ltd. a simple Inverted Head Shoulders pattern can be seen!! This is followed by a perfect breakout and then a perfect retrace too!!! Plus, this breakout is also the breakout of 5 year old resistance line!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: CMP (183)
Target 1: 213
Target 2: 238
Target 3: 250-252
STOP LOSS: 173
TRAIL STOP LOSS
RSI showing Momentum
MACD bullish
I would recommend going long on MOIL Ltd. for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT YOUR VIEWS ON THIS!!
Watchout for Resistance breakoutI already recommended this stock previously at 175.5 for swing - today we can expect a good intraday move above 184.
MOIL LONGBreakout from HNS Pattern
Confirmation - B\O from L\S zones above 177
TGT -252+
SL - 167 CB
RR- 1:5
Possible swing tradeThe stock has reversed from the lower trendline and above 175.5 level looks good for 195
