🚀 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! 🧠📊
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.