MOTILALOFS trade ideas
#Motilal Oswal Financial Services #Stock of the week #03/07/2021Invest wisely.
As per BSE Website Motil.Oswal.Fin. reported Outstanding Financial performance in Mar-21. The score has improved to 37 from 29 in the last 3 months.
Long term can go to 1200.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
MOTILALOFS LOOKING BULLISHStudy chart pattern: "Bullish flag pattern breakout" with significant volume, NBFC sector especially AMC, & Broking companies have stated outperforming in last couple of months and same is expected to continue, Stock is placed above medium to long term moving averages, indicating uptrend, Indicators and oscillators on weekly and monthly charts have turned bullish. Can be bought at cmp for 950 levels.
INVERTED HEAD & SHOLDER PATTERN 14.6.21BUY : 655 TO 738
TARGET : 930
Reason For Buying This Script :
In monthly time frame it has formed HEAD & SHOLDER PATTERN & also it has broken the neckline in monthly time frame it shows strong bullish. Now it may take some correction.
Buy at above given levels. If price comes down means Don't get panic try to average the price . Once the price closed above 930 in monthly time frame & the next target up to 1275 .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST...
MOTILALOFS: Active inverted hammer candle spotted !An inverted hammer is a BULLISH signal. It is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting 🌟.