Motilal Oswal Financial Services Limited (NSE: MOTILALOFS)Motilal Oswal Financial Services LimitedNSE:MOTILALOFSKP_77Here is the short-term technical outlook for Motilal Oswal Financial Services Limited (NSE: MOTILALOFS) based on your daily chart and Fibonacci retracement setup: Technical Summary Current Market Price (CMP): ~₹857.00 Context: The stock experienced a sharp drop from its recent swing high of ₹989.75 down to a low of ₹835.10, where it quickly found support near the lower ascending trendline channel and the 61.8% Fibonacci retracement level. Current Action: Price is bouncing off this confluence zone, registering green daily candles right at key support. Key Technical Levels Support Zone (Downside Protection) Immediate Support / Golden Ratio: ₹845.35 (61.8% Fibonacci Retracement Level) Key Swing Low / Trendline Support: ₹835.10 (Immediate stop-loss reference area) Base Anchor: ₹611.80 (0% Fibonacci origin level) Resistance Levels (Upside Targets) Immediate Resistance: ₹878.25 (70.5% Fibonacci level) Secondary Target: ₹908.85 (78.6% Fibonacci level) Major Resistance / Swing High: ₹989.75 (100% Fibonacci level) Technical Indicators & Price Structure Fibonacci Confluence: The bounce exactly at ₹845–₹850 aligns with the 61.8% Fibonacci retracement zone, which is a classic "golden ratio" entry area for short-term pullbacks in up-trending stocks. Trendline Support: The yellow lower boundary of the price channel has held firmly as dynamic support near ₹835–₹845. Short-Term Outlook: Bullish Bias: As long as the stock holds above ₹835.10, the short-term bias favors a relief rally towards ₹878.25 and ₹908.85. Bearish Risk: A closing breakdown below ₹835.00 would invalidate the immediate recovery setup and signal further correction. Disclaimer: Technical analysis provided here is for educational and informational purposes only and does not constitute financial or investment advice. Always conduct your own risk management.