1) Crossed all time high of 860 2) Volumes are mind blowing 3) RSI above 60 indicating good strength 4) Fundamentals are strong 5) Looking for 940 which is approximately 10%
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
The Stock is recovering from Corona fall and now looks on the verge of breaking a old resistance level. If the breakout happens and sustains above resistance level, We might see a very good upward rally. Looking Forward!
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+
Trendline breakout in Motilal Oswal after consolidation
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.
Under consolidation, Support near 590-580, bullish if gives breakout above 680-690, SL 545
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...
Motilal has given Triangle breakout on monthly tf,waiting for retest
MOTILALOFS is looking strong for upside till 724/750, anyone can initiate buy position near 650-640 with the low risk stop loss 618 but safe STOP LOSS is 591. NSE:MOTILALOFS
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.
sl as indicated in chart swing trade duration 1 to 3 months
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