After 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.
Good volume buildup in daily and weekly timeframe.
All time high breakout with good volume buildup after some consolidation.
Earning report in few days, if in favor can give good movement.
NOTE: i do my analysis, do yours before trade.
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 Oswal Financial Services Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price...
The stock has immense potential and had recntly given a strong breakout from a curcial level 1590 which now acts as a strong support moreover the RSI of the stock is near 42 levels which shows that it may be a favorable time for making fresh position in the stock . the stock can rally till 1930 in short term and 2600 in long run
Reasons
HIGHEST EVER OPM - 61...
The stock has given a breakout from rounding bottom pattern breaking a major resistance of 1590 it is expected to touch this level again and than rally thereafter
MOSL (W), MOTILAL OSWAL given multi yr breakout above 1650 with price volume. Next level to look for 1860/1920/2000 minimum. View invalid if falls below 1550 on weekly closing.
Motilal Oswal has given a massive breakout of year 2017 on daily chart. This stock has given almost 80% return in year 2023 and around 30% return in last one month.
This breakout is all time high for this stock and entered in blue sky zone where there is no resistance upside. Generally stocks gives huge returns after all time high breakout. The possible targets...
MOTILALOFS
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TF-1M
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Done Volume breakout & retest.
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Levels are given on chart.
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(If it closes & sustains above 1100 on a weekly basis, then we expect momentum from there.)
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do...
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
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
The stock had a strong resistance at the 931 levels and it has successfully breached it to reach higher also apart from consolidation it has formed a series of cup and handle pattern and it has given a breakout from the same for the short term the stock can rally and give steady returns of 40% till 1400 if market conditons favour after that long term target would...
📌SWING TRADE FOR NEXT WEEK🚀
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📌TRADE ANALYSIS OF MOTILALOSWAL:-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high...
