Buy MOIL; may do well over next few days: Ashwani Gujral
"It is a commodity stock which has done nothing since it got listed but probably it is now fighting some kind of buying coming back. The stops are close by, the recent lows it hit was about 325 odd. "
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about MOIL.
What is the call on MOIL?
It is a commodity stock which has done nothing since it got listed but probably it is now fighting some kind of buying coming back. The stops are close by, the recent lows it hit was about 325 odd. So if you can risk Rs 25, you could easily get a gain of about 420. So yesterday’s move is some kind of a buy signal and given that commodities have come back a bit, may be this will do well over the next few days.
What is the call on MOIL?
It is a commodity stock which has done nothing since it got listed but probably it is now fighting some kind of buying coming back. The stops are close by, the recent lows it hit was about 325 odd. So if you can risk Rs 25, you could easily get a gain of about 420. So yesterday’s move is some kind of a buy signal and given that commodities have come back a bit, may be this will do well over the next few days.
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