Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
MOIL operates in the segment of Manganese Ore Production, largest producer of Manganese ore in India, healthy accumulation & volume supported Breakout of range, can expect targets of 190 in the short term.
In the Weekly Chart of MOIL , we can see that; after the failure of Cup & Handle, It is showing a strong comeback. It has respected the Trendline. Enter on breaking its high with Low as SL. Go Long.
Plan ahead => could consider to Buy above 185 and/ or Rejections near 145 PB 1.5x PE 10x ROCE 21% DivYld 3.5%
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Bought Moil @ 186.2 earlier had give Bo by forming Cup & Handle Pattern on the chart with Sl 165 for the Target 215
MOIL Limited is a Miniratna, Schedule 'A' PSU. It operates 11 mines all over India & has ~ 50% share in domestic production of manganese ore. Elon Musk announces Tesla is working on new manganese battery cell - Electrek bit.ly #Tesla #ElonMusk Manganese prices rise in China.TECHNICALLY H &Shoulder formation and elliot wave gives us a target of 3rd wave atRs 280...
with rising raw material prices of manganese moil to benefit .Technically inverse head and shoulder formation and completion of 2nd wave stock to rise vertically to 222, 280 stock is also having good yeild of 4 %. last year dividend of rs 7.4 and this year interim dividend given rs 3.. final dividend of about rs 5 expected after seeing result of present year.
MOIL has formed clear R H&S in daily and weekly Expected target 215 & 260
Technical Indicator has bullish view plus stock has broken its major resistance. "Above Idea is for study purpose only, Please Consult Your Financial Advisor before taking any position."
Buy @ 169 Stop Loss @ 140 Target @ 250 Best Of Luck..
buy 172 above only for educational purpose perfect support taken for 1day
Moil Ltd is on Major support. from here it is expected to rise. BUY at 168 SL 153 TGT 178 - 190 - 201 BreakOut Level - 208 Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
bottoming out from long term support has a minimum target of 184.189 and fifth wave target of 210,220,234
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near swing high.
Moil has taken 8 beautiful support at the lower level and the weekly candle was also getting rejected showing buying interests, intrinsic value of stock is also less so it is also available on discount price can be holded for long term as well for big target of 285