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Price and trend forecast of MOTILALOFS for Tomorrow, Weekly, Monthly

Motilal Oswal Financial Services Limited

Symbol: NSE:MOTILALOFS

ISIN: INE338I01027

544.75

As on 2024-07-23

507.55 (52W Low) 2,678.12 (52W High)

MOTILALOFS's Today's Performance

Motilal Oswal Financial Services Limited started the day by opening at 534.95 today 2024-07-23. Its shares reached a high of 549.00 and dipped to a low of 507.55 in intraday. When the markets closed, MOTILALOFS’s stock price settled at ₹544.75 per share. Also check out its key support and resistance levels.

MOTILALOFS Buy/Sell Targets

Tomorrow, buy MOTILALOFS when its price reaches ₹ 544.75 with a stop-loss order at ₹ 532.37. You can set the target price as ₹ 557.13 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MOTILALOFS for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for MOTILALOFS

Downside Targets Value in ₹
Tomorrow Down Target 1 560
Tomorrow Down Target 2 575
Tomorrow Down Target 3 601

Important Levels for MOTILALOFS

Holding Levels Value in ₹
Tomorrow Up Target 1 519
Tomorrow Up Target 2 492
Tomorrow Up Target 3 477
Based on where the stock opens tomorrow, if MOTILALOFS opens on a positive note, our first target will be ₹560. If Target 1 is achieved, we will aim for Target 2 which is ₹575.

But if MOTILALOFS falls below the average value of ₹533.77, you can enter a sell side position with target number 1 - ₹519 and second target - ₹492 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MOTILALOFS

Looking at MOTILALOFS, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MOTILALOFS has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MOTILALOFS is strong bullish.

Tomorrow's Volume based share price Forecast for MOTILALOFS

MOTILALOFS's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 63%.

Reversal detection for MOTILALOFS

Predicted trend chart of MOTILALOFS tomorrow for price forecast
MOTILALOFS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹531 in morning tomorrow
Target 1 tomorrow550
Target 2 tomorrow559
Target 3 tomorrow575
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MOTILALOFS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MOTILALOFS opens on a positive note, our first target will be ₹559.98. If Target 1 is achieved, we will aim for Target 2 which is ₹575.22.

But if MOTILALOFS falls below the average value of ₹533.77, you can enter a sell side position with target number 1 - ₹518.53 and second target - ₹492.32

MOTILALOFS's Weekly Targets
1st Up Target 559.98
2nd Up Target 575.22
1st Down Target 518.53
2nd Down Target 492.32

As the week for MOTILALOFS ended on bullish sentiments, we can expect further continuation of this sentiment. MOTILALOFS's initial target will be 559.98 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 518.53 in the upcoming week.

Weekly OHLC Values
Open 534.25
High 549.00
Low 507.55
Close 544.75

Week for MOTILALOFS started with an open price of 534.25, and the close was at 544.75. MOTILALOFS reached the highest of 549.00 and dipped lowest up to 507.55 last week. This indicates a bullish sentiment for the week.

MOTILALOFS full month swing targets
Monthly Up Target 1 601.43
Monthly Up Target 2 616.67
Monthly Down Target 1 477.08
Monthly Down Target 2 409.42

Targets of ₹601.43 can be expected to be reached in the coming month. Once MOTILALOFS achieved this target, we can aim for the next upside target of ₹616.67.

MOTILALOFS if fails to hold upside, down targets of ₹477.08 and ₹409.42 can be achieved by end of this month.

For complete three weeks if MOTILALOFS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as MOTILALOFS

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SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

MOTILALOFS is expected to reach the target of 559.98 in tomorrow's trading session.

After achieving the initial target in MOTILALOFS, we will aim for higher targets of 575.22 tomorrow.

However, if MOTILALOFS starts to trade below ₹533.77, then we will shift our focus to the sell side and aim for down targets of 518.53 and 492.32.