Motilal Oswal: Hold or Breakdown? Key Technical Levels to Watch.
MOTILAL OSWAL – Technical Outlook
The stock continues to trade within a well-defined ascending channel and is currently positioned near the mid-channel support, which is also aligned with the 200 EMA. Historically, this confluence has acted as a strong demand zone, preventing the price from sustaining below it.
Bullish Scenario:
If the stock holds above the mid-channel support and the 200 EMA, buying momentum is likely to resume, with an upside potential towards ₹1,000.
Bearish Scenario:
A decisive breakdown below the channel support and the 200 EMA would invalidate the current bullish structure. In that case, the stock could witness a minimum downside move of around 70 points, with the next major support near ₹730.
Key Levels to Watch
Support: Mid-Channel + 200 EMA
Bullish Target: ₹1,000
Bearish Target: ₹730 (on confirmed breakdown)
The stock continues to trade within a well-defined ascending channel and is currently positioned near the mid-channel support, which is also aligned with the 200 EMA. Historically, this confluence has acted as a strong demand zone, preventing the price from sustaining below it.
Bullish Scenario:
If the stock holds above the mid-channel support and the 200 EMA, buying momentum is likely to resume, with an upside potential towards ₹1,000.
Bearish Scenario:
A decisive breakdown below the channel support and the 200 EMA would invalidate the current bullish structure. In that case, the stock could witness a minimum downside move of around 70 points, with the next major support near ₹730.
Key Levels to Watch
Support: Mid-Channel + 200 EMA
Bullish Target: ₹1,000
Bearish Target: ₹730 (on confirmed breakdown)
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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.