Diamond Pattern Breakout RSI in a parallel channel. On Song to marching towards All Time High.
NSE: MOTILALOFS 924 -Again And Again And Again Testing Resistance -Stock in Cup and Handle Pattern -Missing Volume is an Issue for the strength of Pattern -Have To Close Above 950 To Break -Support is near 850 level.
It is trading again at the lower trendline level. Will it hold? Is it a good time to buy? I think that we should start accumulating with targets 1000/1093/1223 Share your views in the comment section! Please do your own analysis before making any decisions and also let me know if I missed something. Let's learn together.
Motilal Oswal Good channel consolidation weekly BO with volume Buy at cmp 955 (30% only cz weekly chart not completed yet) Happily Add on dip 870-900 range Positional for min 5-6months Tgt 1000 1070 1150+ SL 800
Scrip has broken through multi year resistance with exciting volumes and price action Check the chart for targets and logic USe SL = 840
MOTILALOFS is buy if you get the stocks near 900-950 for the target of 1500.
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Flag Formation Buy Motilal Oswal Above 842 SL - 759 (WCB) Target - 1100 What an outstanding setup. Stock broken 200 days moving average few weeks back that with long candle and with big volumes. And now price is above 200 DMA and making a flag formation. Perfect flag.
Note: This is for educational purpose only. There seems to be a bullish breakout post 3 years of consolidation with high volume. Before breakout, there is a build up near resistance which indicates buying pressure. There is a breakout in RSI as well. Moreover, there is a breakout from 200 SMA which adds to the confluence. SL: ₹736
Have corrected well from last BO. Last BO level may act as support now.
Motilal Oswal is forming a triangle pattern, buy only when the resistance is broken. It is currently on its support. Keep Stop Loss at Rs.770 and go long in this trade.
happy new year ! to all those amazing souls reading it !