Motilal Oswal Financial Services (MOFSL) – Cup & Handle Breakout in Progress ☕📈

📊 Technical View (Weekly Chart) The stock is forming a perfect cup & handle pattern, with the cup bottom near ₹600 and resistance near ₹1030. Currently trading around ₹960, the price is attempting a handle breakout, showing renewed strength with 5.5% weekly surge and strong volume pickup. Once it closes above ₹1030, it will confirm a major breakout — projecting a target zone of ₹1350–1400 based on pattern depth. 200-day EMA (₹650) is steadily rising, confirming a long-term uptrend. Price has respected all moving averages and consolidated healthily for months — a sign of strong base formation before the next rally. 📈 Fundamental View MOFSL is one of India’s top diversified financial services firms — with presence across broking, asset management, wealth, housing finance, and private equity. Benefiting from the domestic equity participation boom and record SIP inflows. Asset Management AUM and Broking volumes are both hitting new highs. Focus on own distribution network and strong digital presence gives structural growth visibility. ✅ Conclusion: Motilal Oswal is on the verge of completing a textbook Cup & Handle breakout. Breakout level: ₹1030 Targets: ₹1350–1400 Support: ₹850 Bias: Bullish