MOTILAL OSWAL FIN SERVICES LTD«🫴 MOTILAL OSWAL FIN SERVICES LTD 🤏»
👀 Stock with decent fundamentals trading at a very low PE of 9 is looking good for medium to long term holdings , only problem with the stock is the increasing debts and slowdown in growth of profits
👀 Stock has formed a higher low in bigger time frames like monthly and above , showing buyers coming in the stock , stock is trading above its demand zone and can move towards 1200/1500 levels in coming days , CMP 880 , SL can be taken of 8-10%
👀 : Take strict SL as its a risky stock with changing fundamentals , happy to risk 10% for a reward of 30% , happy to go wrong but no point holding if view goes wrong🙏🙏
Longtermhold
BATA INDIA - LONG 23-12-20 New Positional Trade Idea
BATA INDIA
Cup With Handle Pattern Breakout At INR 1645/-
LTP ~ INR 1575/-
Profit Target Goal ~ 1850/-
Stop Loss ~ INR 1450/- Closing Below
ROI ~ 17% Long Term Holding
RRR ~ 2.20:1.00
Note:- Medium Financial Strength, Expensive Valuation With Technically Neutral
The stock from a technical standpoint is comfortably placed above its key moving averages, around 5% and 13% from 50DMA and 200DMA