Motilal Oswal - Ready to Fire
This stock has following attributes
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Tested the 52 week high thrice.
7) Has held up reasonably during the past correction.
This stock will break out and then follow the parallel channel once it gets in to it.
This analysis is academic purpose and not a recommendation to BUY.
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Tested the 52 week high thrice.
7) Has held up reasonably during the past correction.
This stock will break out and then follow the parallel channel once it gets in to it.
This analysis is academic purpose and not a recommendation to BUY.
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