MOTILALOFS - Go Long as per chart Today's close : 589.25 Tg : 623, 647, 695 SL : 563
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. If Useful Like & Share.
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