MOTILALOFS trade ideas
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.
Awaiting Symmetrical Triangle BreakoutAs you can see, the price action has formed lower highs and higher lows in NSE:MOTILALOFS . The volatility has also dropped massively. The RSI (9) in Hilega_Milega is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 1075, however, it may break down.
ENTRY position @ Breakout with strong momentum crossing up above VOLUME PROFILE POINT OF CONTROL
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing . If you like the idea, do not forget to support with a like and follow.
MOTILALOFS - FIB levels, Trendline and Pattern Study 19-Sep21MOTILALOFS - (On-Watch)
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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:
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- 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:
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- Very Cheap valuation ( pls comment if you know why??).
- Current TTM EPS is the highest ever.
Approach (Cat on the Wall):
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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.