MOTILALOFS trade ideas
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
Motilal entring into side way trendI found this stock was falling from high value almost a year, the fundamentals are strong, this is a good stock for holding. If it bounce back and trades above 823 with a stable candle then the trader can enter into buy position.
Motilal Oswal Volume BreakoutFor Study purpose only
Motilal has a spurt in volume and can move higher after trendline breakout.
MOTILALOFS, 3 pattern in play (Positional Stock)MOTILALOFS has three patterns in play.
Cup with Handle on daily time frame, Trend line breakout (yellow line), Long term resistance (pink line).
If this closes above 750 (long term resistance, it will be good positional stock).
keep an eye, looking dan good for 745-750 n then 825!Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
not looking bad for 870! on the verge of break out!Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
