MOTILALOFS : Swing Trade#Motilalofs #swingtrade #vcppatten #breakout
MOTILALOFS : Breakout soon
>> Low PE Stock
>> VCP formation
>> Trending setup
>> Low Risk High Reward Trade
Breakout Failures are Common in the current scenario, so Trade only Good setups with Proper Risk Management, position sizing & proper stop loss rules
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
MOTILALOFS
Bullish on MOTILAL OSWAL for Long TermAfter reaching an ATH of 1588.40 in Jan'18, MOTILALOFS corrected by approx 73% to reach a low of 426 in Mar '20, followed by an upward journey to 1188 and then corrected. In the process it formed a falling wedge pattern.
The scrip broke out of the wedge pattern in the month of Oct'23 rising 33% in last two months.
MotilalOFS Bullish Flag Breakout - Potential for Further Upside MotilalOFS appears to be forming a bullish flag pattern on the chart, indicating a potential continuation of its upward momentum. The stock has shown strength by maintaining levels above 2120, suggesting bullish sentiment in the market.
Key Points:
Bullish Flag Formation: MotilalOFS is displaying a classic bullish flag pattern, characterized by a sharp upward move (flagpole) followed by a consolidation phase (flag) in the form of a downward sloping channel.
Sustaining Above 2120: The stock has managed to sustain levels above 2120, which acts as a critical support-turned-resistance level. This indicates strong buying interest and a potential shift in sentiment towards the bullish side.
Potential Breakout: A sustained move above the upper boundary of the flag pattern, accompanied by increasing volume, could trigger a breakout, signaling the resumption of the prior uptrend.
Target Levels: If the breakout occurs, the next resistance levels to watch for are at . Traders may consider setting their profit targets accordingly.
Risk Management: As with any trading setup, it's essential to implement proper risk management techniques. Consider placing stop-loss orders below key support levels to protect against adverse price movements.
Confirmation: Traders should wait for confirmation of the breakout before initiating any trades. This could include a strong close above the flag pattern or a surge in volume confirming the upward momentum.
Disclaimer: This is not financial advice. Trading involves risk, and individuals should conduct their own research or consult with a financial advisor before making any investment decisions.
Keep an eye on MotilalOFS as it approaches the potential breakout point, as it may present an opportunity for traders to capitalize on the anticipated bullish move.
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🙏🙏
Intraday: watch for swing high breakoutbuy above 1000 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
MOTILAL OSWAL FINANCIAL SERVICES above the RESISTANCE ZONE.In MOTILAL OSWAL FINANCIAL SERVICES (MOTILALOFS) a strong weekly closing above the resistance zone can be seen . after a long consolidation stock has come to point where it can show a good bull run or upside movement. Can be a good positional/short term pick with good risk reward ratio for the given target in chart. Go long with the strict stop-loss of 915 level (only on candle closing below basis). Previously when candle closed above the resistance zone ,showed a quick upside movement of 170 points move. so this time we can expect somewhat same movement. If you are long term holder this can be a good pick for the ultimate target of 1587 level.
ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF SUPPORT-RESISTANCE OR DEMAND SUPPLY ZONE. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE.
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
Motilal Oswal Fin Srv. trying to resume it's bull rally!Motilal Oswal is a Mid size brokerage firm, which also provides services like Wealth Management. The company has a Mcap of INR 12K Crore.
The stock price is trading at a PE ratio of 10.26 with historical PE of 25 and sectorial PE of 27.6.
The stock trades at moderate volumes usually. Unprecedented volume rise can be seen between 4 May - 6 Aug 2021 with rising in price significantly.
The stock also corrected to the levels of 760-770 during broader Mid and Small-cap stock sell-off. Trading above 850 with rising volumes is a good signal for bulls.
With a golden cross on MACD, RSI is also suggesting strong momentum.
Motialal potential retracement from lower levelsMotilal after its recent correction is looking to bounce back
RSI above 50 showing momentum back in this counter
Volume is also supporting its recent upmove
Target1 is Rs 954
Target2 is Rs 1009
SL is Rs 685 Daily closing basis
Do your own analysis before investing.
Motilal Oswal
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.