MOIL trade ideas
MOILit's given a INVERTED HEAD & SHOULDER pattern breakout in weekly chart with high volume. so we can expect a good up move in the next couple of weeks.
Entry = as deep as possible (below 180), SL=165, T1=214, T2=270
MOIL | Oppurtunity for a BO trade | Keep on radar | Weekly TFNSE:MOIL
1. Breakout after long time consolidation. Gave cup and handle BO
2. Round bottom formation.
3. Spurt in volume this time to support BO.
Good opportunity for BO traders, though should wait for candle to finish before entering.
Pull back traders can wait for pull back as well.
This is only for educational purpose and not any recommendation.
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Moil - Ascending Triangle patternPrice forming ascending triangle and got the required compression, it is ready for the break.
LOOKS GOOD TO LONG AFTER TODAY'S BREAKOUT !We've waited too long for this and today it finally happened, it gave a breakout over the levels of 170, stock has a lot of potential for some serious gains. One more thing to notice, almost every time volumes have been very low when the stock has fallen and very high when the stock goes up which indicates the stock has been well accumulated in the lower ranges. Bullish move is intact in the stock and a buy is recommended.
Bollinger Band Trend FolowingIdea is to trade the BB Blast on Weekly Charts
Entry in 3rd Week of Blast
Exit When Close Below Blast Upper Band.
#MOIL
MOIL :: Inv. H&S B/o awaiedMoil :: Go long once breakout done and price sustained above the neck line..
RSI strength is increasing and Positive volume can be seen on chart...
MOIL positional View !!!MOIL : cmp : 176.05
Trading near the resistance levels. If it surpass and sustains above the 180 lvl a fresh buying move possible
and stock can move upto 220.
Price action has been seen in previous session.
So good to grab on dips .
TGT 188/196.6/206.25/219.75
SL 151clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
INVERTED HEAD & SHOULDER IN MOILBUY 157 TO 155
TARGET 215 TO 286
Reason For Buying This Script :
In this script it has formed inverted head & shoulder pattern in monthly , Now it has completed the pattern and waiting for neck line break out conformation .
Once it close above 170 in monthly candle and the next target up to 215 to 289. wait up to May month closing . If it close above 170 good buy.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
Multi year breakout|Inverted head and shoulder 1. Multi year breakout with good volume.
2. Inverted head and shoulder pattern
T1 is the next resistance level
T2 is the height of right holder
T3 is the height of head
MOILHead and Shoulder Pattern on Daily Chart Positional Buy between Rs.176-170 with a stop loss of Rs.160 Clbs On the upper side we
are expecting Rs.195-200 levels in the next 15-20 days.
All my posts are only for education purposes.I am not responsible for your any profit/loss.
Multi Year Breakout - with Ascending Triangle Pattern Moil Ltd. is involved in the business activities of Mining of non-ferrous metal ores.
The Stock broke out a multi year breakout with good volumes and Ascending Triangle Pattern on charts. The Stock is technically trading at 13% above its 50 DMA. RSI is at good levels of 66.
The Company is fundamentally strong. The Company is debt free and has potential to post good earnings in its business cycle. LIC increased its stake in the company to 8.13% in last quarter of FY 21. FPI also increased its stake in last quarter of FY 21 form 1.9% in December 2020 to 4.72% in March, 2021. Mutual Funds are also holding 2.76% stake in the Company.
Accumulate for a target of 200-220 with SL at 148. Long Term Target 250-280
Feel Free to share your feedback and queries.
Go long MOIL Limited is engaged in the exploration, exploitation and marketing of manganese ore and products such as electrolytic manganese dioxide and high carbon Ferro manganese alloy.
HIGH PROBABILITY SETUP ON MOIL LTDFew takeaways from my analysis on MOIL LTD.
1.Inverse head& shoulder pattern breakout: stock broke out of the pattern(neckline resistance) after long consolidation period.
2.Volume spurt: breakout supported by decent volume, indicating bullishness.
3.Moving averages : stock trading above 20MA And 50MA on weekly chart, Also trading above 50MA and 200MA on daily.
4.RSI: breaking out of weekly resistance on rsi and trading above 60.
Short term view: Bullish
Timeframe used : weekly
Short term Target : 210
Note : entry not yet triggered , wait for a retest of neckline to enter.
Disclaimer: These are just my personal observations and not trading or investment tips , please do your own research or consult an investment advisor before doing any investment or trading.
MOIL Rounded bottom, cup being formedMOIL gaining in Relative strength, rim of cup first stop we wait for the side ways handle on lower volume and then a high volume breakout.
