MOIL LTD – Weekly AnalysisTrend: Medium-term downtrend but approaching a major reversal zone.
Structure: Price still below falling trendline; momentum weak.
🟢 Strong Demand Zone: 260–285
Major support area.
Multiple historical reversals from this zone.
High probability of a bounce if price retests this region.
🔴 Resistance Levels
380–405: First major resistance. Expect selling here.
520–560: Long-term strong supply zone.
📈 Expected Move
Price likely to retest 260–285 zone.
If demand holds, a bullish reversal towards 380–405 is expected.
Sustained weekly close above 405 can open targets toward 480+.
⚠️ Invalid Scenario
Weekly close below 260 = bearish breakdown and deeper correction risk.
📌 Summary
Stock nearing a high-probability reversal area.
Watch 260–285 for accumulation + bounce setup.
First upside target: 380–405.
⚠️ Disclaimer
This is only for educational purposes, not financial advice. Use stop-loss and manage risk.
