Motilal Oswal Surpasses Trendline and Resistance: A Buy Signal.?MOTILAL OSWAL shares have recently emerged from a prolonged downtrend, decisively breaking through the key resistance level of 700 rupees. Notably, the stock has successfully retested this threshold, a positive indicator of its potential for upward momentum.
At this juncture, it is crucial to monitor whether the stock can maintain its position above the 700 rupee mark. If it demonstrates stability at this level, there are two strategic entry points worth considering for potential investors. The first opportunity arises at the current price of 700 rupees, allowing for an entry that capitalizes on recent bullish momentum. The second entry point is contingent upon a breakout above a minor resistance level at 775 rupees. A breach of this level could signal increased buying interest and further price appreciation.
Our target for this bullish scenario is focused on the next significant resistance level at 880 rupees. Achieving this target could yield substantial returns for those who carefully time their entries and exits in the market. As always, it’s important to uphold rigorous risk management practices while navigating these trading decisions.
