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rdkriplani
Jan 4, 2021 3:59 AM

OFSS - Triangle/Pennent Breakout 

ORACLE FIN SERVICENSE

Description

Among the lowest valued highly profitable high cash generating IT companies. A lot of its metrics except trailing growth match Infosys but its PE valuation is much much lower than Infy.
Long at CMP with a pyramiding 2nd buy above 3400.
SL Below 3175.

Technically the stock has had a short term breakout with a much larger breakout above 3400. It has also last week crossed its 200WEMA after a very long time which is another bullish indicator.
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