MOTILALOFS - FIB levels, Trendline and Pattern Study 19-Sep21
MOTILALOFS - (On-Watch)
---------------------------------
Option 1 -- BULLISH if, Triangle pattern breaks out and
then, a close above 835 and 860 is seen..
Option 2 -- BEARISH if, Triangle pattern breaks down and
then, a close below 755 and 725 is seen.
Technicals:
---------------
- Long term UP trend is intact (Green Line).
- Symmetrical triangle for >1 month (In-Decision?? or Continuation??)..
- On 13-Sep21 , there was a confluence of :
:: Price making a HL after ~2months of correction.
:: FIB 61.8 level being held
:: price bouncing from short-term (Yellow) Trendline.
Fundamentals:
------------------
- Very Cheap valuation ( pls comment if you know why??).
- Current TTM EPS is the highest ever.
Approach (Cat on the Wall):
----------------------------------
A Cat on the wall is never ever confused on how to jump.. But which side to jump.
And it always chooses the most favorable and less riskier side.
---------------------------------
Option 1 -- BULLISH if, Triangle pattern breaks out and
then, a close above 835 and 860 is seen..
Option 2 -- BEARISH if, Triangle pattern breaks down and
then, a close below 755 and 725 is seen.
Technicals:
---------------
- Long term UP trend is intact (Green Line).
- Symmetrical triangle for >1 month (In-Decision?? or Continuation??)..
- On 13-Sep21 , there was a confluence of :
:: Price making a HL after ~2months of correction.
:: FIB 61.8 level being held
:: price bouncing from short-term (Yellow) Trendline.
Fundamentals:
------------------
- Very Cheap valuation ( pls comment if you know why??).
- Current TTM EPS is the highest ever.
Approach (Cat on the Wall):
----------------------------------
A Cat on the wall is never ever confused on how to jump.. But which side to jump.
And it always chooses the most favorable and less riskier side.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.