Motilal Oswal Buy Triggered At Mention level Good and healthy correction going to complete very soon Trail Your SL After 5% Price up or Big Green Candle
MOTILALOFS BUY SETUP: close above 990 is buy, trade with SL. target = 1180-1190
Logic for bullish view:- 1.Cup and handle Fomartion 2. RSI above 60 on W & D time frame. 3. Some logic are confidential Take the position at your own risk.
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.
Weekly charts suggest bullish consolidation after a steep fall. Levels of 870 have been held and stock has consolidated in a narrow zone. It should be bought at these levels with stop of 850. Medium term target will be close to 1200.
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...