Technical Analysis of Indian Stocks: MOIL Limited (NSE India) on 5 April 2017
This is no buy/sell recommendation – just a trial to see if Technical Analysis (works to an extent) in NSE – India.
First let us look into the Technicals: Moil is trying to reverse from a Double Bottom ~304. It might take some time before going on a Bull move. ~294 support would have been a safer entry point.
Prediction: A bullish move could take it to ~350 and then ~370 (with SL @ 305).
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