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Wait for 500 - 540 levels to accumulate NSE:MOTILALOFS and give it to your children!!!!
...... Levels plotted on chart.
Disclosure: Information shared here can be my view or real trades.
As i am not SEBI regd. analyst, Take this information as study/education purpose only.
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The stock gave a breakout of cup and handle pattern few weeks ago and stock price has respected 20 EMA multiple times. My guess is the trend would resume now
After a good retracement it has formed a big green candle with good volumes wherein it opened gap up and continued the momentum to close near its high indicating strength of the bulls again. Its a good buy above the high of today at 1122 with a stop loss of 1080 for a target of 1290.
The stock is at a good support zones. Yesterday it formed a hammer. It is a good buy at CMP 1136 with a stop loss of 1080 and a target of 1285.
Buy on Swing High break of 750 and hold till 800 for booking profit