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srikartiram
Jul 5, 2021 6:28 AM

MOTILALOFS |Trendline breakout -Might need to hold 6+ months 80% 

MOTILAL OSWAL FINANSE

Description

MOTILALOFS | Trendline breakout -Might need to hold 6 months 80%

CMP : 869
SL : 764
Target : 1150,1550

Consider this like investment pick for 6-8 months period. Has good room to run upside.
Comments
niteshgupta12
I have a question. When is the right time to make an entry? After/ before breakout. After breakout also, there is a possibility of retesting the breakout level right which now acts as support.
PSDURGAM
sir please advice if i can enter now at cmp?
srikartiram
@PSDURGAM, No sir, keep in your watchlist. Let it print atleast 1 green candle above the resistance. Currently its crashing. Not sure about the fundemental and reason behind the fall.
lokeshparihar
sir analysis SIS LTD.
Priyan0609arora
we can also see a diamond pattern kindly share your views
srikartiram
@Priyan0609arora, I'm sorry i dont know what is diamond pattern and all. Will read about it.
lokeshparihar
DCB is important
srikartiram
@lokeshparihar, WCB itself is important because its weekly time frame. It is just my conviction to take now.
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