Motilal Oswal Financial Services (MOFSL) – Technical Outlook

Motilal Oswal Financial Services is currently witnessing a consolidation phase after a sharp recovery from its recent lows. On the daily chart, the stock is trading around its 200-day moving average, which is acting as a key hurdle near the ₹890–900 zone. The recent price action suggests that buyers are gradually regaining control, with the stock maintaining higher lows over the past few weeks. A sustained breakout above ₹900 could strengthen bullish momentum and open the door for an upside move towards ₹930–960. On the downside, ₹820 remains a crucial support level, and as long as the stock holds above this zone, the recovery trend is likely to remain intact. The 20-day moving average is sloping upward, indicating improving short-term sentiment. Overall, the stock maintains a neutral-to-positive bias, with traders advised to watch the ₹900 resistance closely for the next directional move. A breakout above this level could attract fresh buying interest, while a breach below ₹820 may weaken the near-term outlook. $MOTILALOFS