MOIL in a declining trend: Ashwani Gujral
It seems to have found some support around 340, now it has some way to go before you can say that it has bottomed out.
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| Updated: In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about MOIL.
ET Now: MOIL, have you looked at the charts here?
Ashwani Gujral: MOIL has been in a declining trend ever since it listed. It seems to have found some support around 340, now it has some way to go before you can say that it has bottomed out and started moving higher but probably if it can trade past 375-380, then probably we would say that the stock has bottomed out and maybe it is heading higher.
ET Now: MOIL, have you looked at the charts here?
Ashwani Gujral: MOIL has been in a declining trend ever since it listed. It seems to have found some support around 340, now it has some way to go before you can say that it has bottomed out and started moving higher but probably if it can trade past 375-380, then probably we would say that the stock has bottomed out and maybe it is heading higher.
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