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.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.