Multi Year Breakout - with Ascending Triangle Pattern
Moil Ltd. is involved in the business activities of Mining of non-ferrous metal ores.
The Stock broke out a multi year breakout with good volumes and Ascending Triangle Pattern on charts. The Stock is technically trading at 13% above its 50 DMA. RSI is at good levels of 66.
The Company is fundamentally strong. The Company is debt free and has potential to post good earnings in its business cycle. LIC increased its stake in the company to 8.13% in last quarter of FY 21. FPI also increased its stake in last quarter of FY 21 form 1.9% in December 2020 to 4.72% in March, 2021. Mutual Funds are also holding 2.76% stake in the Company.
Accumulate for a target of 200-220 with SL at 148. Long Term Target 250-280
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The Stock broke out a multi year breakout with good volumes and Ascending Triangle Pattern on charts. The Stock is technically trading at 13% above its 50 DMA. RSI is at good levels of 66.
The Company is fundamentally strong. The Company is debt free and has potential to post good earnings in its business cycle. LIC increased its stake in the company to 8.13% in last quarter of FY 21. FPI also increased its stake in last quarter of FY 21 form 1.9% in December 2020 to 4.72% in March, 2021. Mutual Funds are also holding 2.76% stake in the Company.
Accumulate for a target of 200-220 with SL at 148. Long Term Target 250-280
Feel Free to share your feedback and queries.
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