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...
Motilal Swing long setup
: Motilal again has a huge imbalance
: Motilal can chase the full imbalance
: Small base
: sl should 2% or 1124 do not exceed that
: liquidity grabs below this level can take place doesn't mean we will make o
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
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.
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...
