Stock near accumulation zone: MOIL
MOIL is trading near the crucial level of below 400.
Volume is also lower
RSI indicates price weakness
If the support level of 400 is retained for at least a week, you can think of partial entery.
Resistance levels: 551
New: The decision of state-owned company to reduce the prices of ferro-grade manganese ores with manganese content of Mn-44% and above by 20% for September. It has also lowered prices of all other ferro grades of manganese ore with manganese content below Mn-44% by 15%, and prices of all SMGR (Mn-30% & Mn-25%), fines, and chemical grades by 15% could have impacted the price fall.
Kwwp the stock in radar and analyse
Volume is also lower
RSI indicates price weakness
If the support level of 400 is retained for at least a week, you can think of partial entery.
Resistance levels: 551
New: The decision of state-owned company to reduce the prices of ferro-grade manganese ores with manganese content of Mn-44% and above by 20% for September. It has also lowered prices of all other ferro grades of manganese ore with manganese content below Mn-44% by 15%, and prices of all SMGR (Mn-30% & Mn-25%), fines, and chemical grades by 15% could have impacted the price fall.
Kwwp the stock in radar and analyse
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