MOTILALOFS Resistance BONSE:MOTILALOFS
Levels marked on chart
SL will be resistance level
Buy only first 15 min price sustained above resistance level
MOTILALOFS trade ideas
MotilalOFS Long/Bullish View1) Earlier This chart is been posted
here at point "E" on 14th Dec 2020 as a probable
Breakout stock. But It couldnot at that time.
Nothing wrong with the logic.
2) Now Ultimately it formed 2 more waves and
finally Broke out of Symmetrical Triangle.
3) Huge Volume Builtup.
4) Haven't crossed Ichimoku Cloud though..
Trade can be initiated sustained close above cloud top or 665.
Motilal Oswal - 3yr Vol BreakoutThe stock has been running on low volume for last 3yrs. Volume activity started to spike only in the last couple of months. And finally we see a massive volume bar on price breakout.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Motilal Oswal Financial - Bullish breakout in weekly chartNote: This is for educational purpose only.
There seems to be a bullish breakout post 3 years of consolidation with high volume. Before breakout, there is a build up near resistance which indicates buying pressure. There is a breakout in RSI as well. Moreover, there is a breakout from 200 SMA which adds to the confluence.
SL: ₹736
Motilal Oswal - good technical and fundamentalsFundamentals:
+ Highest Quarterly Sales and Quarterly profit
+ Highest Yearly Sales and Yearly profit
+ ROCE 22% and 35% ROE
+ High Promoter holding 70%
+ Cheap valuation PEG 0.21
Technical:
+ HH-HL on monthly and weekly charts
+ Weekly Price BO of 200 W SMA, Retested and now BO of 2018 Price
+ Good Momentum in ADX and MCAD
