MTF Stock Pick Buy Motilal Oswal Financial Services Limited For Target Rs. 940 - HDFC Securities
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MTF Stock Pick Buy Motilal Oswal Financial Services Limited For Target Rs. 940 - HDFC Securities
TECHNICAL OBSERVATIONS
Stock is on the verge of breaking out from Bullish Flag pattern on the daily chart
Stock has seen healthy correction from previous swing high of 860. The correction has been with very thin volumes which indicates that bulls have enough dominance on bears for medium term
On the Month ended May 2021, Stock broke out from the long term downward sloping channel on the monthly charts
NBFC sector, especially AMC, Exchange and Broking companies have stated outperforming in last couple of months and same is expected to continue
Stock is placed above medium to long term moving averages, indicating primary uptrend
Indicators and oscillators on weekly and monthly charts have turned bullish
Buy Motilal Oswal Financial Services Limited Up to 3 Months @ Average Level 745 CMP 783 TGT 940 SL 720
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