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BUY : MOIL LTD (474) ( BUY AT DIP UPTO 440 TGT 550/600+ (PERIOD 1-2 MONTH)

 


RATIONALE:          ON DAILY CHART STOCK HAS FORMED HIGHER - HIGH PATTERN  WITH STRONG VOLUME BUILD UP , CROSSED PREVIOUS  FEW SESSIONS AVG VOLUME ,   STOCK IS TRADING ALL TIME HIGH  WHICH INDICATES FURTHER STENTHERN TOWRDS POSITIVE TREND , SUPPORTS  BULLISH MOVE CONTIUATION , MORE OVER PITCHFORK  BREAK OUT BY CANDLE SUGGEST S UPSIDE EXPECTED TO CONTINUE. HENCE TARGET PRICE 550/600  MAY BE ACHIEVED IN SHORTTERM HOLDING (1-2 MONTH EXPECTEDLY )    


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