MOTILALOFS potential breakout - 4 months base breakout
- Now consolidating outside base
- Volume contraction
- Surfing 9EMA
- Strong sector
MOTILALOFS
Motilal Oswal: Strong growth potential with a target of ₹1,120+Motilal Oswal Financial Services Ltd, established in 1987, is a leading financial services firm offering a broad range of services, including broking, investment banking, asset and wealth management, and housing finance. With a strong presence across 550+ cities, the company caters to over 1.6 million customers.The company's robust financial performance and growth trajectory make it a compelling investment for the long term. NSE:MOTILALOFS
I bought at ₹728 with a stop loss below ₹670, targeting a potential upside between ₹1,120 and ₹1,650+.
Resistance broken after 6 years !Motilal Oswal Fin is a reputed company with steady and healthy financials. I have been tracking its move since last year (2023) and it has run up well. And now it has finally broken it's 6-year-long resistance at the 1600 level. If it takes support of this level and makes a higher top, then it might run up to 2000+ levels giving a decent but quick return of 20-25%.
MOTILAL OSWALThis stock breakout ATH resistance level and some of consolidation level breakout in D TF and TGT will be upto 40%
this is only for educational purpose
MOTILALOFS - Has held above 600 even though volume droppedThis was after supply emerged near 900 after high volume markup from 600 from May'21-Jul'21
Plan -
to Purchase Breakout above 900
or, rejection indications below 600
PB 1x
PE 8x
DE 0.6x
ROCE 8%
Div 2%
Motilal Oswal is becoming a long term investment idea. Motilal Oswal is looking strong in the falling market and can be a good investment in the long term considering the promoters themselves are trying to increase the stake. Motilal Oswal is a company with Zero Promoter pledge where MFs and FIIs are increasing the stake. Net profit of the company is also increasing. Fresh entry above 895 closing will be good for long term investment. Targets will be 958 and 1014. Stop loss should be maintained at closing below 800.
#ANGELONE #ZERODHA #EDELWEISS #ANANDRATHI #ISEC #MOTILALOFS #IT#ANGELONE
NSE:ANGELONE
NSE:ANGELONE
CMP: 1452.50
Entry Price 1440
Target: 1900+
SL: 1170
RR Ratio > 3
Return > 45%
Time Frame < 6 months.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
MOTILALOFS - short term tradeDear All,
Kindly find the flag pattern formed on daily time frame
Read the chart well and take your trades accordingly.
R1 953
R2 965
R3 986
S1 920
S2 900
S3 887
Entry above 940 levels preferably 950
Target 1 960
Target 2 1000
SL to be as per your risk appetite.
Motilal Oswal Fin BreakoutMOTILALOFS broken resistance of ~897 with good volume.
RS is positive above 0.
Sector also turning bullish.
This can give good upside move of 25-30%.
MOTILALOFS - FIB levels, Trendline and Pattern Study 19-Sep21MOTILALOFS - (On-Watch)
---------------------------------
Option 1 -- BULLISH if, Triangle pattern breaks out and
then, a close above 835 and 860 is seen..
Option 2 -- BEARISH if, Triangle pattern breaks down and
then, a close below 755 and 725 is seen.
Technicals:
---------------
- Long term UP trend is intact (Green Line).
- Symmetrical triangle for >1 month (In-Decision?? or Continuation??)..
- On 13-Sep21 , there was a confluence of :
:: Price making a HL after ~2months of correction.
:: FIB 61.8 level being held
:: price bouncing from short-term (Yellow) Trendline.
Fundamentals:
------------------
- Very Cheap valuation ( pls comment if you know why??).
- Current TTM EPS is the highest ever.
Approach (Cat on the Wall):
----------------------------------
A Cat on the wall is never ever confused on how to jump.. But which side to jump.
And it always chooses the most favorable and less riskier side.
MOTILAL OSWAL : Good for swingObservations on the chart
Trade plan -
buying zone : 807 to 860
weak below 690 zone
looking for 940+, 1190+
tentative trade duration : 1 month to 6 months
MOTILALOFS - Long CandidateI am already holding this from 720 levels.
But current charts on Daily and Weekly Time frame is looking interesting again,
I am looking to add more qty once we close above the BLUE trendline.
Basically one can go long above 810 levels with an SL of 695 on weekly closing basis
The upside is open sky, immediate targets can be 850/940/1100/1250+
Technical View: Hold for Target of 725,770 and 880Technical View: Breakout on Weekly Chart with Increasing Volume, Hold Motilal Oswal Finance for Target of 725, 770, and 880 respectively.
Current Price: 657.50
Keep Stop Loss: 572
Disclaimer: Not a buying/selling recommendation. Please consult your financial advisor before any investment in equity.
MOTILALOFS - Triangle Pattern Breakout & Retest - Swing TradeThe above analysis is done purely based on price action and chart patterns.
The analysis is done on monthly charts, hence it may take the price few weeks to few months to reach the target.
Logic as well as the trade setup is shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
To understand this re-test structure more clearly, check out the analysis of AMBUJACEM linked below.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Motilal Oswal Fin - Breakout pointI think Motilal OFS should give a decent breakout, check its trend line breakout in 1D also volume is supporting it, pretty good time for intraday and swing trade.
MOTILALOF Forming a Bearish or Bullish Inverted Microphone ?What do you guys think ?
Is it forming a Bearish or Bullish Inverted Microphone ?
