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

Motilal Oswal Financial Services Limited

Symbol: NSE:MOTILALOFS

ISIN: INE338I01027

657.55

As on 2024-06-13

639.00 (52W Low) 2,678.12 (52W High)

MOTILALOFS's Today's Performance

Motilal Oswal Financial Services Limited started the day by opening at 676.95 today 2024-06-13. Its shares reached a high of 676.95 and dipped to a low of 653.05 in intraday. When the markets closed, MOTILALOFS’s stock price settled at ₹657.55 per share. Also check out its key support and resistance levels.

MOTILALOFS Buy/Sell Targets

Tomorrow, sell MOTILALOFS when its price reaches ₹ 657.55 with a stop-loss order at ₹ 669.43. You can set the target price as ₹ 645.68 to capture potential gains. This sell 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 1 672
Tomorrow Down Target 2 686
Tomorrow Down Target 3 696

Important Levels for MOTILALOFS

Holding Levels Value in ₹
Tomorrow Up Target 1 648
Tomorrow Up Target 2 639
Tomorrow Up Target 3 624
Based on where the stock opens tomorrow, if MOTILALOFS opens on a positive note, our first target will be ₹672. If Target 1 is achieved, we will aim for Target 2 which is ₹686.

But if MOTILALOFS falls below the average value of ₹662.52, you can enter a sell side position with target number 1 - ₹648 and second target - ₹639 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 Decreasing 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 Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MOTILALOFS is moderate bearish.

Tomorrow's Volume based share price Forecast for MOTILALOFS

MOTILALOFS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish 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 downside (Short term bullish outlook) and we can get target of ₹669 in morning tomorrow
Target 1 tomorrow672
Target 2 tomorrow677
Target 3 tomorrow686
 

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 ₹671.98. If Target 1 is achieved, we will aim for Target 2 which is ₹686.42.

But if MOTILALOFS falls below the average value of ₹662.52, you can enter a sell side position with target number 1 - ₹648.08 and second target - ₹638.62

MOTILALOFS's Weekly Targets
1st Up Target 706.70
2nd Up Target 755.85
1st Down Target 623.70
2nd Down Target 589.85

As the week for MOTILALOFS ended on bullish sentiments, we can expect further continuation of this sentiment. MOTILALOFS's initial target will be 706.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 623.70 in the upcoming week.

Weekly OHLC Values
Open 655.05
High 722.00
Low 639.00
Close 657.55

Week for MOTILALOFS started with an open price of 655.05, and the close was at 657.55. MOTILALOFS reached the highest of 722.00 and dipped lowest up to 639.00 last week. This indicates a bullish sentiment for the week.

MOTILALOFS full month swing targets
Monthly Up Target 1 789.70
Monthly Up Target 2 838.85
Monthly Down Target 1 540.70
Monthly Down Target 2 423.85

Targets of ₹789.70 can be expected to be reached in the coming month. Once MOTILALOFS achieved this target, we can aim for the next upside target of ₹838.85.

MOTILALOFS if fails to hold upside, down targets of ₹540.70 and ₹423.85 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 671.98 in tomorrow's trading session.

After achieving the initial target in MOTILALOFS, we will aim for higher targets of 686.42 tomorrow.

However, if MOTILALOFS starts to trade below ₹662.52, then we will shift our focus to the sell side and aim for down targets of 648.08 and 638.62.