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Published on 12/02/2020 11:14:16 AM | Source: HDFC Securities Ltd

Momentum Pick Of MOIL Ltd For Target Rs.170 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Mining Sector #MOIL Ltd #HDFC Securities #Trading Report #

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Momentum Pick Of MOIL Ltd For Target Rs.170 - HDFC Securities

* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the up move in the stock price.

* The daily/intraday RSI is showing positive indication.

Recommendation

Buy MOIL Ltd @ 152.70 - 148 SL 145.80 Target 170

 

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