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.
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.
Technical : Cup With Handle Pattern Breakout Confirm!
technical Target : 323
Fundamentals Good :
(Fundamental Medium Term Target 700)
(Fundamental Long Term Target 900)
1.Total (Mkt. Cap) : 6418cr
2.Zero Debt : 0.00 cr
3. Stock PE : 10.45
Targets : 410-420 Buy Range : Above 356 Stoploss : 319 Duration : 2-3 months
Current chart structure of MOIL a participant from Mining & Minerals sector suggest a potential “ Inverted Heads & Shoulders pattern setup on the 3 line break charts.
This pattern is a reversal pattern signaling a bottom as it occurs following a downtrend. As...
MOIL: @ 307.25
Multiple HARMONIC Pattern One after One.
Last ONE Bullish BUTTERFLY.
Failed two times to Enter ICHIMOKU Cloud.
Third Attempt on the Way.
Though in between attempts Upper Band of Cloud Dip to Recent High @ 338 compare to Previous TWO @ 376.5, @ 363.9 respectively.
Hence much easy to Cross Above ICHIMOKU Cloud.
Best ENTRY Level @ 301 - @ 296.