MOTILALOFS trade ideas
A good 50% up move can be seen in MOTILAL OSWAL After a good fall Motilal Oswal is near Its demand zone which was its resistance earlier. We have seen a good 6%green candle which shows buyers are active in this stock.
A fundamentally Sound stock we can see a good move of approx 50%from here
Risk to reward favourable.
Patience is the key be patient and grab at least 50% move
motilal short term 850+,long term 1200++breakout expected by 13/07/2021
based on its financials should be above 1200
however after breakout 850 might act as resistance
there is less probability for it to break down as it is already at low besides other brokerage firms rallied very much like 5 paisa , icicisec ,iifl sec,
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
It is trading again at the lower trendline level.
Will it hold? Is it a good time to buy?
I think that we should start accumulating with targets 1000/1093/1223
Share your views in the comment section!
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Motilal Oswal 2 year breakoutBreakout in motilal after two year. As with covid lockdown many people entered stock market so this is also support financial companies like motilal. I think for now motilal may consolidate for few time in the channel and can be accumulated. Once it breaks the channal it can move upwards. SL is weekly closing basis.
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.