MOIL trade ideas
MOIL in Correction! But will Blast off after its over.NSE:MOIL is in ongoing corrective phase but as we know the demand of semiconductors and associated chemicals is on a rise due to Electric Vehicle segment in our country.
MOIL has a long term benefit as the EV sector in India gains pace this entire decade.
The price level of Rs125 is a good resistance area.
Lets be patient with MOIL and watch it reverse with confirmation at levels of 120-125.
MOIL SHORT TERM ANALYSIS🔰 SHORT+LONG TERM 🔰
enter @ 135-140 range✨
trgt 170-200-260✨
long 300++✨
They are the largest manganese ore producers of the country. ✨
q3 was negative...🥵😊
but I am expecting a good movemnt in the stock in short term.🤼♂️
like - comment - support 🍁
study then invest...🍁
maybe it will test your patience🍁
remember :
🔰 "The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett. 🔰
MOIL on a BreakoutInverted Head n Shoulder pattern in MOIL is near completion. Once it gives breakout, the target is 246. Not valid below 148.
Disclosure: Not a recommendation to buy or sell. For education purpose only.
MOILNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
Buy65 days EMA has been sloping up but in last 3-4 sessions 240 Days EMA has started moving up which is a positive sign. Buying can be done with sl below 128 ( daily closing) for target of 200+
Disc : it's not an investment advice to buy or sell
Inverted head and shoulders forming?Inverted head and shoulders forming? Lest wait for breakout of neckline for the confirmation..
LongLooks set for upmove towads 200 with reversal below 117.
Disc : it's not an investment advise to buy or sell
MOIL - grab it earlyMOIL has not participated in the rally, it is at the start of 03rd wave of EWT, GO FOR IT.
TREND LINE BREAKOUT WITH GOOD VOLUME So basically this is a good setup for short term view investment you can earn 10 to 20% return easily. The buying level is above 145 and the selling level is 155, 163,170,183,200, 213 with a Stop loss of 120.
#MOIL WEEKLY CHART VIEW!!#MOIL WEEKLY CHART VIEW!!
MOIL Ltd. bounced from the weekly support zone and is likely to stay positive till it holds 118-120 zone.
The next immediate resistance comes at 145 and the crucial resistance zone at 165-170 zone.
Technical parameters look neutral as of now.
Keep a watch.
