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).
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.
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.
...... 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.
Motilal Oswal Financial Services Ltd. is a non-banking financial company, which engages in lending and related activities. It operates through the following segments: Broking and Other Related Activities, Fund Based Activities, Asset Management and Advisory, Investment Banking Services, and Home Finance. The Broking and Other Related Activities segment includes broking services to clients, research and advisory services, financial product distribution, and depository services. The Fund Based Activities segment handles investment activities and financing activity. The Asset Management and Advisory segment manages fee based services for managing of assets. The Investment Banking Services segment represents results of raising financial capital by underwriting or acting as the client's agent in the issuance of securities. The Home Finance segment comprises interest and other related income from affordable housing finance business. The company was founded on May 18, 2005 and is headquartered in Mumbai, India.
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MOTILALOFS
