Motilal Oswal Fin is a reputed company with steady and healthy financials. I have been tracking its move since last year (2023) and it has run up well. And now it has finally broken it's 6-year-long resistance at the 1600 level. If it takes support of this level and makes a higher top, then it might run up to 2000+ levels giving a decent but quick return of 20-25%.
This stock breakout ATH resistance level and some of consolidation level breakout in D TF and TGT will be upto 40%
this is only for educational purpose
This was after supply emerged near 900 after high volume markup from 600 from May'21-Jul'21
Plan -
to Purchase Breakout above 900
or, rejection indications below 600
PB 1x
PE 8x
DE 0.6x
ROCE 8%
Div 2%
Motilal Oswal is looking strong in the falling market and can be a good investment in the long term considering the promoters themselves are trying to increase the stake. Motilal Oswal is a company with Zero Promoter pledge where MFs and FIIs are increasing the stake. Net profit of the company is also increasing. Fresh entry above 895 closing will be good for long...
Dear All,
Kindly find the flag pattern formed on daily time frame
Read the chart well and take your trades accordingly.
R1 953
R2 965
R3 986
S1 920
S2 900
S3 887
Entry above 940 levels preferably 950
Target 1 960
Target 2 1000
SL to be as per your risk appetite.
MOTILALOFS - (On-Watch)
---------------------------------
Option 1 -- BULLISH if, Triangle pattern breaks out and
then, a close above 835 and 860 is seen..
Option 2 -- BEARISH if, Triangle pattern breaks down and
then, a close below 755 and 725 is seen.
Technicals:
---------------
- Long term UP trend is intact (Green Line).
- Symmetrical triangle for >1...
Observations on the chart
Trade plan -
buying zone : 807 to 860
weak below 690 zone
looking for 940+, 1190+
tentative trade duration : 1 month to 6 months
I am already holding this from 720 levels.
But current charts on Daily and Weekly Time frame is looking interesting again,
I am looking to add more qty once we close above the BLUE trendline.
Basically one can go long above 810 levels with an SL of 695 on weekly closing basis
The upside is open sky, immediate targets can be 850/940/1100/1250+
Technical View: Breakout on Weekly Chart with Increasing Volume, Hold Motilal Oswal Finance for Target of 725, 770, and 880 respectively.
Current Price: 657.50
Keep Stop Loss: 572
Disclaimer: Not a buying/selling recommendation. Please consult your financial advisor before any investment in equity.
The above analysis is done purely based on price action and chart patterns.
The analysis is done on monthly charts, hence it may take the price few weeks to few months to reach the target.
Logic as well as the trade setup is shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any...
I think Motilal OFS should give a decent breakout, check its trend line breakout in 1D also volume is supporting it, pretty good time for intraday and swing trade.
