Moil : Wait for close above 165

MOIL is trading in parallel channel. Breakout will be above 160 but we'll wait for daily close above 165 to confirm reversal and formation of higher top. Above 165 target would be 200 with SL below 150 .

RSI and CCI is confirming direction of the trend.
Chart PatternsTechnical IndicatorsMOILTrend Analysis

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