MOTILALOFS trade ideas
MOTILALOFS - Diamond Pattern in Weekly time frameHi Price Action Freaks,
A rear pattern that gets formed that is Diamond Pattern. Check this out, looks good for either side breakout.
I hope you will benefit from this knowledge
-MetaVish
Motilal oswal looking good for shoot upMotilal oswal looking good for shoot up.... Buy upto 580-600 fot targets of 740 and 800+
Triangle breakout after long term consolidation.can be accumulated with SL 580 for the initial target 900 and then 1500.
MOTILALOFS consolidationit is forming symmetrical triangle on weekly chart. and strong support seen at 600 level. and this stock has been consolidating between 600 - 666 for the last 6 months.
RSI is at 47, which took support at 40 and raised from there.
+ADX > - ADX indicating bullishness. but ADX line is in downward indicating low momentum.
risk to reward is favorable as current price. if it sustains above 600, it can retest 660 levels once again and if that is broken 715-730 could be the next stop.
near breakoutALSO 200 EMA RESISTANCE + TRANDLINE
AFTER BREAKOUT GOOD UPMOVE EXPECTED
only for analysis no recommendation
disclosure i have position
Motilal Oswal - A Rare Diamond Reversal Prospect ?Diamond pattern in a downtrend indicates reversal.
Targets, Resistances and Supports marked on charts.
MOTILALOFSNSE:MOTILALOFS
Short below 610 Support 580 - 550
Buy if it takes a bounce from 610, Target 660, 730
MOTILALOFS - 1D TF - Cup & HandleCup & Handle pattern forming on Daily Chart of MOTILALOFS. BUY 670, SL 631.9, Target(s) - 700, 715, 730. Cup Depth = 120. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
MOTILALOFS Buy IdeaIt can give Trendline Breakout + Move above 200 EMA. Levels are mentioned in chart.
Disclaimer - Please do your own analysis before initiating the trade
Motilal Oswal Financial Services Ltd. ANALYSIS 11.08.2020BUY 665 TO 640
TARGET 704
AFTER DOWN WARDS IT IS FORMED INVERTED CANDLE.SO WIT FOR BETTER CONFORMATION.
Motilal Oswal Support ResistanceThis stock is following a pattern for last few days.
for short term there is a good support at 655-660 range.
for conservative investor can wait until 610 level.
Overall it is a good option for long term and gave much better returns than it's industry peers in past.
Weekly Elliot Wave Analysis Elliott Wave View: Bank of America (BAC) Resumes Lower
April 22, 2020 By EWFHendra
Elliott Wave view in Bank of America (BAC) suggests the decline from January 15, 2020 high is unfolding as a 5 waves impulse. Down from January 15 high, wave (1) ended at 32.47 and bounce in wave (2) ended at 35.45. Stock has resumed lower in wave (3) which ended at 17.95. Bounce in wave (4) is proposed complete at 25.35 as a zigzag.
Short term 45 minutes chart below shows the stock ended wave (4) bounce at 25.35. This level is now the short term invalidation level for more downside. Internal of wave (4) unfolded as a zigzag where wave A ended at 23, wave B ended at 19.51, and wave C of (4) ended at 25.35. While below 25.35, wave (5) lower is currently in progress as an impulse, but BAC still needs to break below wave (3) at 17.95 to avoid a double correction.
Down from 25.35, wave 1 ended at 21.09 and wave 2 bounce ended at 23.40. Near term, while rally fails below 25.35, expect Bank of America to extend lower within wave (5). Potential target lower is 123.6 – 161.8% external extension of wave (4) which comes at 13.3 – 16.1. NSE:MOTILALOFS
PitchforkMOFSL looks short fo 480-475 . Any rise towards 515-520 can be used to short with stop above 535
