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)
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.