MOTILALOFS trade ideas
Swing trading opportunity in Motilal oswal financial services.Motilal oswal financial services looking good on charts, taking support and getting ready for trend reversal, could be in focus for short to medium term with 2 targets marked with flag.
Only for information and education purpose. Please consult your advisor before investing.
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MOTILALOFS - @50 % retracement The stock is currently at 50% retracement levels from its all-time high of 1594. A breakout from these levels will take the price to its first target of 1200 ( 52week high of Nov '21). Above this target level, we can expect the price to continue its uptrend to its 2nd target of around 1600, which is also its all-time high.
short term 1200 , long term1500++ event on 14 dec read descriptinext week anand rathi may trigger this stock and chances of moving up are very high ,,however based on eps growth the value of the stock is forced to move so by next two quater results we can expect 1500++
so for short term also in next week can make a big move
for more info can refer my old idea on motilal oswal which i previously published long time ago or you can see an arrow mark on the chart under candle stick click on it to go there
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Intraday: watch for swing high breakoutbuy above 1000 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Motilal Oswal=Triangle PatternMotilal Oswal was +ve in a market where there was correction all round. Forming ABCD harmonic triangle pattern and also RS is +ve. If market conditions improve in the coming days, this could give returns of upto 40-50%.(Targets might look high but are achievable with 12 month horizon.)
Please trade with Strict SL here of Rs. 850 on DCB.
MOTILAL OSWAL FINANCIAL SERVICES above the RESISTANCE ZONE.In MOTILAL OSWAL FINANCIAL SERVICES (MOTILALOFS) a strong weekly closing above the resistance zone can be seen . after a long consolidation stock has come to point where it can show a good bull run or upside movement. Can be a good positional/short term pick with good risk reward ratio for the given target in chart. Go long with the strict stop-loss of 915 level (only on candle closing below basis). Previously when candle closed above the resistance zone ,showed a quick upside movement of 170 points move. so this time we can expect somewhat same movement. If you are long term holder this can be a good pick for the ultimate target of 1587 level.
ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF SUPPORT-RESISTANCE OR DEMAND SUPPLY ZONE. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE.
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
MOTILAL OSTWAL : ROUNDING PATTERNMotilal ostwal is making a rounding pattern , expecting some good move
TGT - 1050 & 1180
SL - 900
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.