🚀 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! 🧠📊
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.