Here is a detailed **technical analysis** of the **Motilal Oswal Financial Services Ltd (MOFSL)** daily chart
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## 🔍 **Motilal Oswal – Daily Chart Technical Analysis**
### 🧩 **Chart Patterns Observed**
#### 1. **Falling Wedge Pattern (Bullish Reversal)**
* After a significant downtrend of \~25% (from ₹909 to ₹685), the stock formed a **falling wedge**, a classic bullish reversal pattern.
* The breakout from this wedge marked the end of the downtrend and the start of base-building.
#### 2. **Cup and Handle Breakout**
* The stock formed a **smooth, rounded bottom** (the cup) between February and April.
* A shallow **handle formation** followed, confirming healthy consolidation before the breakout.
* **Breakout above ₹773.80**, which was the neckline of the cup pattern, has triggered bullish momentum.
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### 📏 **Price Action & Measured Move**
| Component | Value |
| -------------------- | ------------------------------------------ |
| Cup Low | ₹513 |
| Neckline (Breakout) | ₹773.80 |
| Depth of Cup | ₹773.80 - ₹513 = ₹260 |
| Measured Move Target | ₹773.80 + ₹260 = **₹1040** *(minimum)* |
But the chart suggests a **larger swing target**:
* **Upside projection:** ₹773.80 + ₹264.80 = **₹1,040.25**
* This is based on broader trendline breakout from wedge to neckline move.
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### 📊 **Volume Analysis**
Volume is missing during breakout
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### 🔑 **Key Technical Levels**
| Level Type | Price (₹) |
| --------------------------- | --------- |
| Breakout Zone | 773.80 |
| Immediate Support | 773.55 |
| Strong Support (Trend Base) | 640 |
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### 📌 **Technical Conclusion**
✅ **Bias:** Strongly **Bullish**
* The breakout above ₹773.80 confirms bullish momentum.
* With current price at ₹809.95, it has already moved \~36 points from the breakout — early entry window may be closing.
⚠️ **Next Steps:**
* Traders may **trail SL** to breakout zone (₹773–774).
* Watch for follow-through above ₹820 for confirmation toward **₹1,040 target**.
* Any retest of ₹780–790 zone may offer a **high-probability entry**.
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### 🎯 **Trade Strategy**
| Strategy Type | Action |
| ------------- | ------------------------------------------ |
| Swing Trade | Buy on dips near ₹790–₹800; Target: ₹1,040 |
| Stop-loss | ₹772 (below breakout + handle support) |
| Risk-Reward | \~1:3 if targeting ₹1,040 |
---
---
## 🔍 **Motilal Oswal – Daily Chart Technical Analysis**
### 🧩 **Chart Patterns Observed**
#### 1. **Falling Wedge Pattern (Bullish Reversal)**
* After a significant downtrend of \~25% (from ₹909 to ₹685), the stock formed a **falling wedge**, a classic bullish reversal pattern.
* The breakout from this wedge marked the end of the downtrend and the start of base-building.
#### 2. **Cup and Handle Breakout**
* The stock formed a **smooth, rounded bottom** (the cup) between February and April.
* A shallow **handle formation** followed, confirming healthy consolidation before the breakout.
* **Breakout above ₹773.80**, which was the neckline of the cup pattern, has triggered bullish momentum.
---
### 📏 **Price Action & Measured Move**
| Component | Value |
| -------------------- | ------------------------------------------ |
| Cup Low | ₹513 |
| Neckline (Breakout) | ₹773.80 |
| Depth of Cup | ₹773.80 - ₹513 = ₹260 |
| Measured Move Target | ₹773.80 + ₹260 = **₹1040** *(minimum)* |
But the chart suggests a **larger swing target**:
* **Upside projection:** ₹773.80 + ₹264.80 = **₹1,040.25**
* This is based on broader trendline breakout from wedge to neckline move.
---
### 📊 **Volume Analysis**
Volume is missing during breakout
---
### 🔑 **Key Technical Levels**
| Level Type | Price (₹) |
| --------------------------- | --------- |
| Breakout Zone | 773.80 |
| Immediate Support | 773.55 |
| Strong Support (Trend Base) | 640 |
---
### 📌 **Technical Conclusion**
✅ **Bias:** Strongly **Bullish**
* The breakout above ₹773.80 confirms bullish momentum.
* With current price at ₹809.95, it has already moved \~36 points from the breakout — early entry window may be closing.
⚠️ **Next Steps:**
* Traders may **trail SL** to breakout zone (₹773–774).
* Watch for follow-through above ₹820 for confirmation toward **₹1,040 target**.
* Any retest of ₹780–790 zone may offer a **high-probability entry**.
---
### 🎯 **Trade Strategy**
| Strategy Type | Action |
| ------------- | ------------------------------------------ |
| Swing Trade | Buy on dips near ₹790–₹800; Target: ₹1,040 |
| Stop-loss | ₹772 (below breakout + handle support) |
| Risk-Reward | \~1:3 if targeting ₹1,040 |
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.