Motilal Oswal is looking very bullish for upcoming sessions
because it is formed a Diamond Bottom Formation on its weekly chart and also there is a breakout of this pattern with huge volume
so go long in this for upcoming target of 1600+ in next 6 months...
1. Diamond bottom pattern formation on a weekly chart indicating a bullish reversal.
2. Pattern formed after a downtrend and took almost 3 years to complete.
3. Breakout from the pattern with high volumes over several weeks.
4. Retested and now starting to move again.
5. Final Target should be equal to the height of Pattern which is 475 points.
6. The target...
Diamond pattern formation on weekly levels. Retest done successfully and breakout done too.
Looking good for strong upside movement. Minimum Target and SL updated on chart.
NOTE: Investing in this Script would require patience.
AB Capital has broken out big time after being a rank underperformer for years, see a runaway rally! Buy with a stop loss below 112 targets 152/200. A breakout of the diamond bottom pattern is seen on the chart. This is a strong reversal pattern.
Breakout from a Diamond formation.
Facing another resistance at 13.75.
If it manages to close above 13.75 we can get to see first levels of 15-16 where it again faces resistance from a trend line.
Above 18-19 it could race.