MOIL | 50 EMA BO | Huge Potential Upside | Demand Zone

29 Eyl 2024

MOIL is currently seems in hold position. The stock is near a strong support area, aligned with the 50 EMA, indicating a potential for a bounce if buying pressure builds up. However, there is noticeable resistance in the supply zone above. The RSI is neutral, pointing to a possible consolidation phase. A breakdown below the support area could trigger a sell, while a breakout above the resistance would signal a buy. For now, it’s advisable to hold and wait for a clearer movement in either direction.
Disclaimer this is strictly only for study purpose.