as you can clearly spot a beautiful declining triangle pattern in daily tf . look for entries if the upcoming candle engulfs the wick of the 2 day previous candle
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
MOIL 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 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.
Dear 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...
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.
The 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.
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.
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...
