🚀 Cup & Handle Breakout + Multi-Signal Confirmation on a Fundamentally Strong Stock!

📈 Technical + Fundamental Analysis Motilal Oswal Financial Services has delivered a strong breakout after completing a well-defined Cup & Handle formation, indicating the possibility of a fresh bullish leg. 🌊 Elliott Wave Perspective The stock appears to have completed a corrective Wave (2) through the cup formation and is now entering Wave (3)—typically the strongest and fastest phase of an Elliott Wave cycle. A sustained move above the breakout zone could accelerate momentum toward higher targets. 📊 MACD Confirmation The MACD has generated a bullish crossover after a positive divergence during the base formation. This suggests that downside momentum has faded while buying strength is gradually increasing, supporting the breakout. 🎯 AVWAP Support The breakout is taking place above the Anchored VWAP (AVWAP), indicating that institutional participants are holding profitable positions. As long as the price remains above this level, the broader trend remains constructive, with AVWAP acting as an important dynamic support. 💼 Strong Fundamentals Add Conviction The technical setup is supported by a solid business: ✅ Healthy ROCE, reflecting efficient capital allocation. ✅ Consistent growth in revenue and profitability over multiple years. ✅ Strong presence in financial services with a diversified business model. ✅ Improving earnings trajectory, supporting long-term wealth creation. 🎯 Technical Outlook Breakout Zone: Around ₹904 Current Structure: Bullish above the breakout level Potential Upside: Approximately 10–12% in the near term if the breakout sustains. Key Support: The breakout level and AVWAP zone should continue to hold for the bullish view to remain intact.