Technical Analysis for MOIL (NSE: MOIL)Moil LimitedNSE:MOILRajputAmarjitThe weekly chart for MOIL shows a strong bullish momentum, with the stock closing at ₹391.70, marking a sharp 10.52% gain in the recent session. This surge has propelled the price well above key moving averages, confirming an uptrend continuation from the 2021 lows around ₹200-250. The candlestick pattern reflects a breakout from a multi-month consolidation phase, characterized by higher highs and higher lows since mid-2024, with increased volume supporting the move—aligning with a classic cup-and-handle formation observed in recent analyses. Indicator Value/Status Interpretation EMA 9₹358.02Price trading significantly above, acting as dynamic support. Bullish EMA 21₹353.81Strong support level; crossover above this in recent weeks signals momentum shift. EMA 50₹351.42Weekly close above confirms long-term uptrend; potential pullback target. Supertrend (10, H2, 3)Buy Signal (Green)Trailing stop indicator flipped bullish; suggests continuation unless breached. RSI (14, Close)Neutral (around 50-60 based on recent surge)Not overbought yet; room for upside before divergence risks.Volume Elevated on breakout Validates the move; watch for sustained volume above average for positional holds. Support/Resistance Support: ₹360 (recent low/EMA cluster) Resistance: ₹395-400 (52W high)Break above ₹400 targets next leg up. Overall, the technical setup is bullish for positional trading, with the stock in a rising channel since 2023. The recent 10%+ candle indicates institutional buying, but a healthy pullback to EMAs (₹350-360) could offer entry without chasing highs. Risk of whipsaw if global commodity weakness (manganese prices) intervenes.