MOIL 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...
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...
it'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
NSE: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.
Please...
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....
