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
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