Motilal Oswal Financial Services Limited
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Learn how to identify a reversal stock for positional trade!

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The stock has fully retraced after the Flag breakout in May'2021.

Now it has taken support multiple times on the lower trendline and the strong support zone .

RSI is also making higher lows showing bullish nature (trend reversal possible)

If the stock breaks the resistance zone (860 level) with volume and gives us a day closing above it we can expect 10-20% returns positionally. Targets mentioned on the chart.

Intraday - buy above 860 but positionally strictly when the daily candle closes above that level. Time frame can be 1-2 months depending on the volumes.

Learn & Earn,

Dr . Tanya Kumar

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