Refer Chart for details
Motilal Oswal has given a fresh hourly breakout after a decent consolidation with good volumes. The Broking sector has been doing well most brokerages have reported excellent results and growth in earnings. Price action has also been positive for many names like angle, Goegit etc. This breakout above 750 for Motilal oswal can see it move much higher in next few months.
For Education purpose only. Given Daily BO with good volume Retest level 700. Can be added till 702 Support 692. Good R:R Dtd 7th May21 TheCharts
***Trade at your own risk, only for educational purpose*** Swing Trade 1. Good Volume breakout on weekly 2. RSI inline with the breakout Targets --> 734/8, 800, 831, 900 SL --> 600/624
Motilal oswal looking good for shoot up.... Buy upto 580-600 fot targets of 740 and 800+
NSE:MOTILALOFS Short below 610 Support 580 - 550 Buy if it takes a bounce from 610, Target 660, 730
For Study purpose only Motilal has a spurt in volume and can move higher after trendline breakout.
Wait for 500 - 540 levels to accumulate NSE:MOTILALOFS and give it to your children!!!!