MOIL trade ideas
Start SIPWait 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..
Moil : Wait for close above 165MOIL 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.
#MOILFibo 61.8 crossed with strength
Next the bounce from the same level
Momentum is missing on all TF
MOILThis 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 the levels before placing a trade
MOILRounded 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.
Formation of left shoulder in inverse H&SThe trend seems to be forming a inverse H&S (see circle - marks what looks like a left shoulder)
Additional bullish evidence:
RSI is rising
Stochastic showing bullish
50% Fibonacci retracement is complete
For better confirmation must wait for 2-3 days more to confirm bullish trend
MOIL Ltd Cup With Handle Pattern!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
moil looks bullish in short termIn daily, price bounced with good volume after testing the support level, also hidden bullish divergence formed here,
with sl - 205, tgt - 280
Accumulate MOILAccumulate MOIL for targets 270 and 300 of in the long term and keep SL of 200 on weekly close basis.
MOIL : Expansion in process..MOIL has given a breakout in weekly charts & today it has crossed crucial resistance.
Buy into this strength at CMP of 383, SL - 361, for targets of 419.
