Stock Radar: Oberoi Realty stock up nearly 80% in a year; Should

Oct 17

Stock Radar: Oberoi Realty stock up nearly 80% in a year; Should you buy now?
News Summary
• Oberoi Realty's stock has experienced a remarkable increase of nearly 80% over the past year, rising from Rs 1,128 to Rs 2,028.
The recent rally was supported by a bounce back after testing its 100-day moving average, indicating strong upward momentum.
• The stock has successfully surpassed its 50-day moving average and broken through the neckline of a 'Cup & Handle' pattern at Rs 1,950, suggesting potential for further gains.