Moil has given a breakout from flag consolidation of 6 weeks. Buy for target 169, stop @148. Long term target is 198. This is only for educational purpose. Please consult your financial advisor for buy and sell.
MOIL Ltd. bouncing from the convergence of 50 SMA and support zone in the weekly chart and likely to stay positive until it stays above 130-135 zone. RSI bounced right from 50 levels which suggests underlying strength in the stock. Probable resistance in the medium term comes at 169 level. Keep a watch.
Another good opportunity on Metal Stocks. Entry: 151.5 SL: 147.5 T1: 160.5 T2: 164.5 Presenting Risk Reward of 1:3.
Breakout CnH CRS,RSI,MACD,EMA all positive. Sector strong.
Wait for a retracement and start SIP around 125 levels in this stock.. Making tripple bottom on weekly chart.. Target1 - 165, Target2-195 SL 84 WCB..
Buy MOIL at CMP (99.5+) T1: 108 T2: 120 T3: 139 SL: 95
MOIL is trading in parallel channel. Breakout will be above 160 but we'll wait for daily close above 165 to confirm reversal and formation of higher top. Above 165 target would be 200 with SL below 150 . RSI and CCI is confirming direction of the trend.
Close > 186.15 needed for a climb Probably that will get the momentum activated
Fibo 61.8 crossed with strength Next the bounce from the same level Momentum is missing on all TF
This performed well when all the other stocks fell found support at weekly 200MA and closed above 23.6% fib retracement levels on daily chart tenkan went below 50MA and kijun future kumo negative overall bearish but may test tenkan and 38.2% fib levels to the upside show below 165 levels long above 168 levels check on a lower time frame(5min) how well it holds...
Rounded Bottom Pattern formed in a downtrend. Waiting for the charts to close above 200. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Go long don't follow stop loss strictly, if market remains strong.