Market trading guide: Motilal Oswal, KIMS among 5 stock recommendations for Monday

Motilal Oswal Financial Services Ltd has recently broken out from a pennant pattern on the daily chart, a strong bullish indicator suggesting the potential for a sustained uptrend. This breakout is backed by a notable surge in trading volume, highlighting increased buying interest and reinforcing the stocks positive outlook.

Virat Jagad, Technical Analyst at Bonanza

ETMarkets.com

The daily chart of Netweb Technologies India Ltd shows a confirmed breakout from a symmetric triangle pattern, a strong bullish indicator. This breakout is backed by a substantial increase in trading volume, signaling robust buying interest and reinforcing positive market sentiment. The stock is currently trading near its recent highs, with both the Fast and Slow EMAs trending upward, which further supports the bullish outlook.

Virat Jagad, Technical Analyst at Bonanza

ETMarkets.com

KIMS presents a promising buy opportunity at its current price of 570.15 in the cash market. The stock has been demonstrating a clear uptrend, characterized by a flag and pole pattern on the daily chart. Recently, it broke out from this pattern with notable trading volumes, indicating strong momentum in the upward movement.

ETMarkets.com

Chalet is currently trading at 892.05 and is in a long-term uptrend, having consistently formed higher highs and higher lows over the past few months. After reaching a record high, the stock has been consolidating in a range, indicating a period of price stability before potentially resuming its upward movement.

ETMarkets.com

Jubilant Food is trading at 2,873.70, maintaining a long-term uptrend with a consistent pattern of higher highs and higher lows observed over the past few months, reflecting strong bullish sentiment. After a recent upward move, the stock witnessed a throwback from higher levels and found support near demand zones.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

ETMarkets.com