MOTILALOFS trade ideas
MOTILALOFS 23-11-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) resistance breakout will happen if nifty supports. good bounce will/may happen from here.
2) good stock to add in portfolio for long term for 1100-1200 target.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Motilal Oswal looks promising. After brief run up #motilaloswal pulled back and now it is setting up again. Forming base on base. Watch for a long opportunity positionally.
This is not a recommendation. Kindly do your due diligence.
🟢Trading above 50 DMA.
🟢Forming a base now
🟢Good Relative Strength.
🟢 Broking-related companies showing strength.
🟢Good ROE, ROCE.
🔴Market is still weak and sell on rise.
Market Cap---₹ 58,690 Cr.
Current Price₹ 990
Stock P/E---17.4
ROCE---20.7 %
ROE---32.6 %
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: Cup and Handle Breakout – Bullish Continuation AheadAnalysis Overview : This chart of Motilal Oswal Financial Ltd NSE:MOTILALOFS highlights a classic Cup and Handle pattern, which indicates a potential bullish continuation. The stock has broken out of this pattern after retesting the neckline, signaling the possibility of further upside.
Key Observations:
The Cup and Handle pattern has formed over several months, signifying accumulation.
After breaking out from the neckline, the stock retested the breakout zone, which is a positive sign for bulls.
The stock is now trading above ₹775.60, approaching a 52-week high of ₹782.90.
Volume Surge: There was a noticeable increase in volume during the breakout, confirming strong buyer interest. Volume remained steady during the retest phase, indicating that the price held firm despite the lower selling pressure.
Technical Insights:
Breakout Confirmation: A clean breakout above the neckline of the Cup and Handle pattern suggests bullish momentum, supported by rising volume.
Retest and Bounce: The retest of the breakout zone has held, providing confidence that this level will now act as strong support.
Volume Significance: The volume surge during the breakout is a positive indicator that institutional buyers may be driving the move. Sustained higher volume will be crucial for further price appreciation.
52-Week High: The stock is nearing its 52-week high, and a successful breach could lead to a strong upward move, with the next targets in the ₹800-820 range.
Trade Ideas:
Bullish: Enter on a breakout above ₹782.90, targeting higher levels around ₹820.00 and beyond, with a stop-loss below the retest level.
Conclusion: This technical setup in Motilal Oswal Financial Ltd offers an attractive opportunity for bullish traders looking for continuation patterns. The clean breakout, successful retest, volume confirmation, and proximity to the 52-week high make this stock one to watch for potential long positions.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in MOTILALOFS
BUY TODAY SELL TOMORROW for 5%
Motilal VCP pattern on Daily - LongMotilal OFS is making Volatility Contraction Pattern. The key elements of the VCP pattern include a prolonged consolidation phase, where the price moves within a relatively narrow range, followed by a breakout or breakdown.
We can use this pattern to identify potential entry points for trades, anticipating that a period of low volatility is likely to be followed by a surge in price movement.
Support 620
Target as per Pattern is 1030
Take Motilalofs at support level for major upsideTake entry at cmp 550
Target 718
Next average at 393
It gave trendline breakout today and closing upper side also . It can be fake breakout but we can hold this counter because its already well corrected from its high.
Due to changes in F&O margin rules, brokers stocks are now at very good support level. We should not miss this type of strong fundamental counter.
Be invested !!!
Motilala Oswal Finance Flag BO and good volumeMotilal Oswal Finance currently hovering at 14.8 PE and ROCE of 20.7%. Qoq sales growth almost double and NP has grown to 2446cr from 935cr in 2023 and 1312cr in 2022. Seems to be on a very strong base and very good growth.
On charts stocks gave a BO at 1587 after Jan 2018 and retested it before quick gain from 1450 to 2650. After that price retraced to 1900 and now again showing flag BO which may take it to 3190/3548 in mid term. Stock will be ex bonus on 10th June with 3:1 ratio can be added on every dip.
The tgt can be adjusted according to the bonus ratio
Motilal Oswal - Stock to watch (HTF)Post super results...the stock pulled back and might've taken out many stoplosses..
Now its turned around again..
Long above 2360 where there would be a wedge breakout with stoploss below 2240.
Double up the allocation above 2680.
There is a high tight flag setup here..so if it breaks into a new high..might lead to a good move..!
MOTILAL OSWAL RETEST SUCCESSFUL NOW READY FOR STRONG REBOUNDThe 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 %
3X GROWTH IN QoQ BASIS
FAVOURABLE RSI OF 42 AND PE OF 12
MOTILALOFS - 3 Months Consolidation / All Time High BreakoutMotilal 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 2390) in short term
5) Recommendation - Strong Buy
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.