Trade #3 - MOTILALOFS - SWING TRADINGChart name : MOTILALOFS
Risk:Reward : 2.4
Trading Style : Swing Trading for 1-4 weeks
DISCLAIMER:
As a trader, you should consider your own risk: reward ratio and do proper lot sizing according to your margin and leverage level. This analysis is a trading idea, not a trading signal for you. Consult your financial advisor before making any trade.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
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MOTILALOFS trade ideas
Motilal Oswal Financial Services - Buy above 860 Closing Hi Friends,
As per chart pattern, Buy possible above 860 on closing basis only (Daily candle) with SL 745 and Target 950, 980/985
(Targets possible after resistance break out 860 only). if stock unable to sustain above 860 then sideways possible
Posting for Educational purpose only
Closing Basis means: Stock should be trade above 860 from 3.15~3.30 pm as well as close day >860