Sell MOIL closing 149.75 with stop loss 159.5 then targets are 136-121.
Selling Reason.
1 --> Weekly Price closing below the trendline. 2 --> Weekly RSI is ready to break 40. 3 --> ADX is showing a Bearish move and -DMI is rising. 4 --> Volume is also Selling pressure. 5 --> Bollinger Bands also show the Bands are ready to open in Downside. 6 --> Bollinger Bands width shows the movements are coming and now the candles are big.