MOIL trade ideas
MOIL big breakout coming, easy 1:5 risk rewardMoil 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
MOIL Short Term Reversal TradeThe stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones and target is place near swing and channel high.
Imp: Earnings will be disclosed during the trade duration. If not good or the trendline and 200 ema are broken after results, it may be a better option to exit.
Note: As the market is under selling pressure, enter only after confirming a reversal.
MOIL LONGENTRY ABOVE-174
Sl - 170.2
DISCLAIMER:These recommendations and reports are based on the theory of technical analysis and personal observations and are for educational purpose. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment.