Published on 14/08/2019 4:45:09 PM | Source: Choice Broking Pvt Ltd

Buy Motilal Oswal Financial Services Ltd For Target Rs.565 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #NBFC #Trading Report #Choice Broking #Motilal Oswal Financial Services Ltd

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* On an hourly chart, the stock has been sustaining above its 100 Hourly Exponential Moving Average which shows a positive move in the counter.

* Moreover, the stock has given a breakout of its Cup and Handle formation which suggests a bull run in the counter.

* On a daily chart, a sudden spurt in the volume has been witnessed during trading session which indicates an accentuate buying in the counter.

* A daily momentum indicator RSI reading is at 40.23 level with a positive crossover which points out for a positive breath in the stock.

* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.


Buy Motilal Oswal Financial Services Ltd @ 539 Stop Loss 522 Target 565


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