🚀 MOTILAL OSWAL FIN LTD
What we're seeing:
The stock has shown impressive strength, making a decisive breakout above a significant resistance zone (highlighted in green around ₹740-₹770)! 🟢 This move is backed by healthy volume, adding conviction to the upside. It's a classic resistance-turned-support scenario in the making.
Potential Setup:
This breakout suggests a continuation of the bullish trend. We could look for:
Entry: A potential long entry either at current levels if the momentum sustains, or ideally, on a retest of the breakout zone (₹740-₹770), which could now act as strong support. 🎯 This would offer a better risk-reward entry.
Targets: Initial targets could be the previous highs around ₹950-₹1000, with potential for further upside if the broader market and stock momentum continue. 💰
Stop Loss: Place your stop loss comfortably below the newly established support zone, perhaps around ₹700 or a recent swing low, to manage your risk effectively. 🛡️
Important Note: Always remember to manage your risk carefully, use appropriate position sizing, and consider your own trading plan. Trade smart! 🧠📊
What we're seeing:
The stock has shown impressive strength, making a decisive breakout above a significant resistance zone (highlighted in green around ₹740-₹770)! 🟢 This move is backed by healthy volume, adding conviction to the upside. It's a classic resistance-turned-support scenario in the making.
Potential Setup:
This breakout suggests a continuation of the bullish trend. We could look for:
Entry: A potential long entry either at current levels if the momentum sustains, or ideally, on a retest of the breakout zone (₹740-₹770), which could now act as strong support. 🎯 This would offer a better risk-reward entry.
Targets: Initial targets could be the previous highs around ₹950-₹1000, with potential for further upside if the broader market and stock momentum continue. 💰
Stop Loss: Place your stop loss comfortably below the newly established support zone, perhaps around ₹700 or a recent swing low, to manage your risk effectively. 🛡️
Important Note: Always remember to manage your risk carefully, use appropriate position sizing, and consider your own trading plan. Trade smart! 🧠📊
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.