MOTILALOFS trade ideas
motilal revised tgt to1500 currentl good to accumulatemotilal check my previous idea posted when around 750-800
results by this month end, its hold gr infra which is recently listed ipo with zomato it holds stake in it so
it is said moti sold some stake in gr infra so that will also reflect in results
and every brokarage short up except motilal its previous high long long time ago is 1500 itself
and business has grown from that time very good company fundamentally
and under valued brokerage compared to others where other companies short up significantly
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Motilal Oswal Fin Srv. trying to resume it's bull rally!Motilal Oswal is a Mid size brokerage firm, which also provides services like Wealth Management. The company has a Mcap of INR 12K Crore.
The stock price is trading at a PE ratio of 10.26 with historical PE of 25 and sectorial PE of 27.6.
The stock trades at moderate volumes usually. Unprecedented volume rise can be seen between 4 May - 6 Aug 2021 with rising in price significantly.
The stock also corrected to the levels of 760-770 during broader Mid and Small-cap stock sell-off. Trading above 850 with rising volumes is a good signal for bulls.
With a golden cross on MACD, RSI is also suggesting strong momentum.
Motialal potential retracement from lower levelsMotilal after its recent correction is looking to bounce back
RSI above 50 showing momentum back in this counter
Volume is also supporting its recent upmove
Target1 is Rs 954
Target2 is Rs 1009
SL is Rs 685 Daily closing basis
Do your own analysis before investing.
Learn how to identify a reversal stock for positional trade!The stock has fully retraced after the Flag breakout in May'2021.
Now it has taken support multiple times on the lower trendline and the strong support zone .
RSI is also making higher lows showing bullish nature (trend reversal possible)
If the stock breaks the resistance zone (860 level) with volume and gives us a day closing above it we can expect 10-20% returns positionally. Targets mentioned on the chart.
Intraday - buy above 860 but positionally strictly when the daily candle closes above that level. Time frame can be 1-2 months depending on the volumes.
Learn & Earn,
Dr . Tanya Kumar