"M"OIL - on Monthly Timeframe has formed a Flawless "W" - Double Bottom Pattern
The Multi-Year (14 years) pattern was finally broken out last month and right away the price blasted over 45% in 1 month forming a Super Strong Bullish Engulfing Candle on Monthly. 2 Targets were given earlier - 370, 507
Today - MOIL Blasted 20% UC moving past 2nd Target of 507 - ending strong at 524
Between Jan to Mar - price Retested the Double Bottom BO zone by retracing Fib 0.5 levels and the bouncing. This now has given an Additional FIB Target of 630
Our Entry was at 344 levels clocking 52% gains so far. When we reach 630, it would be 84% approx
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
The Multi-Year (14 years) pattern was finally broken out last month and right away the price blasted over 45% in 1 month forming a Super Strong Bullish Engulfing Candle on Monthly. 2 Targets were given earlier - 370, 507
Today - MOIL Blasted 20% UC moving past 2nd Target of 507 - ending strong at 524
Between Jan to Mar - price Retested the Double Bottom BO zone by retracing Fib 0.5 levels and the bouncing. This now has given an Additional FIB Target of 630
Our Entry was at 344 levels clocking 52% gains so far. When we reach 630, it would be 84% approx
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends