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arora_m
Apr 11, 2018 2:36 AM

MOIL is it a trap ??? 

MOIL LTDNSE

Description

Approaching oversold conditions.
Wave 3 pulled back beyond motive wave 1 termination. suggesting a truncated wave 5 and a temporary trend reversal.
Although this stock is a good long in Stoch correction. look for the local peaks and lows.

A possible explanation could be the high div. yield ~5%++

In any case, it is wise to wait till it snaps out of the stock correction.
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