Venky's and Motilal Oswal Financial Services have broken out with strong volumes yesterday. Both the stocks should be watched closely going forward.
We have prepared a small video highlighting the probable strategy going forward.
Here is the video for the same
Having seen the stocks however it is imperative to mention that these are not stock recommendations, and in both the stocks a major part of the move is already done. The risk reward for both is no longer favourable. Keep a watch for pullbacks to the breakout level.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must consult their financial advisor prior to acting on any of the information presented herewith. The writer has no intention of buying the stocks discussed and does not have them in his portfolio.
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Mohnish Pabrai is one of the most successful value investors in the world. He deals in both the US and the Indian Stock Markets, and has several multibaggers to his credit. Extremely well
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