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%.
Motilaloswal
MOTILAL OSWAL LONGBreaking and sustaining above weekly trendline with good volume, Weekly RSI is also showing strength... Can go above the target but I will update if to hold further or not. Seeing an upside till 746 with a SL of 644. I am not a SEBI Reg. Analyst, do your own research before investing. Comment if you have any regarding this :)
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.