MOIL trade ideas
MOILMOIL consolidation on in 3rd wave company has been continuously giving higher output and making higher lows in weekly chart since 2017. company gives dividend twice a year of rs 3 and 3/4 , announces buy back now and then enhancing shareholder value. book value 110 ,ROCE 15 % ,ROE 11.3% . debt free company. manganese ore producer having market share of 45% of india production. capex of rs 650 cr has been funded internally. 692 cr buy back also funded internally. PORFOLIO GRADE STOCK.
MOIL LTD. - Potential Upside stock for investement
📊 MOIL Ltd.
1 - Symmetrical Triangle Breakout ✔️
2 - Change in Trend
3 - Uptrend Seems Intact
4 - Weekly Closing abv Swing Highs ✔️
5 - Increasing Holdings by FIIs & DIIs
6 - Forming Round Bottom (on Monthly TF)
📌 Accumulate abv 193 on retest
📌 Target - 285 or 47%
📌 Stop - Weekly Closing Below 182
Resistance BreakoutPlease 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 IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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MOIL--SCREEMING BUYMOIL 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 .buy with a stop of 172 .it has a yield of 5 %. One of cash rich company which bought its 15% equity at 205 .
MOIL--COMPELLING BUYwith 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.