OBEROI REALTY NEGATIVE RSI DIVERGENCE CAUTION LOW VOLUME

Oberoi Realty Ltd. is an interesting chart to keep on radar with following

1. NEGATIVE RSI Divergence on weekly chart
2. Price Trading below 20 day SMA on daily chart
3. Price crossed below 50 DAY SMA on daily time frame
4. RSI on daily crossed below 40 and on weekly crossed below 60 and 100 day RSI SMA
5. Price formed THREE BLACK CROWS Bearish Pattern on weekly chart
6. Price walking near lower Bollinger bands on daily chart.
7. Fundamentally company is trading at 4.46 times its book value and has low return on equity of 13.6 % over last 3 years

CAUTION : falling price is followed by low volume and can be a profit booking exercise so it is better to sell on rise near resistance or as per one's own risk reward matrix with strict stop losses.


Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.