Got it! I see the **ORACLE FIN SERV SOFT LTD** chart.
Let’s break down what we’re seeing:
---
**🔍 Pattern Observed:**
✅ **Symmetrical Triangle / Ascending Triangle:**
The chart shows an **ascending triangle breakout** pattern — higher lows and horizontal resistance. Volume is starting to increase, suggesting an upcoming move.
✅ **Base Formation:**
* There was a **rectangle base** (accumulation zone) from March to April 2025, marked with a box.
* Post breakout from this rectangle (around 8,000 zone), the stock formed higher lows, consolidating into the triangle.
✅ **Resistance:**
* Horizontal resistance around ₹8,913.15 – key breakout level.
* Once price closes above this zone with volume, the pattern confirms.
---
**📈 Measured Move Target:**
* Height of the triangle / base: \~₹1,000
* Breakout level: \~₹8,900
* **Target:** ₹8,900 + ₹1,000 = **₹9,900 – ₹10,000** zone
---
**🔧 Indicators:**
* Volume increased during the breakout attempt – bullish sign.
* EMAs are starting to converge; above EMA-21 and EMA-55, showing short-term trend strength.
---
**✅ Conclusion:**
* **ORACLE FIN SERV SOFT LTD** is attempting an ascending triangle breakout.
* Confirmation comes with a strong close above ₹8,913 on increased volume.
* Target potential: ₹9,900 – ₹10,000.
Would you like me to highlight support/resistance, trendlines, and add potential trade setups (stop-loss/target zones) for this breakout? Let me know! 🚀📊
Let’s break down what we’re seeing:
---
**🔍 Pattern Observed:**
✅ **Symmetrical Triangle / Ascending Triangle:**
The chart shows an **ascending triangle breakout** pattern — higher lows and horizontal resistance. Volume is starting to increase, suggesting an upcoming move.
✅ **Base Formation:**
* There was a **rectangle base** (accumulation zone) from March to April 2025, marked with a box.
* Post breakout from this rectangle (around 8,000 zone), the stock formed higher lows, consolidating into the triangle.
✅ **Resistance:**
* Horizontal resistance around ₹8,913.15 – key breakout level.
* Once price closes above this zone with volume, the pattern confirms.
---
**📈 Measured Move Target:**
* Height of the triangle / base: \~₹1,000
* Breakout level: \~₹8,900
* **Target:** ₹8,900 + ₹1,000 = **₹9,900 – ₹10,000** zone
---
**🔧 Indicators:**
* Volume increased during the breakout attempt – bullish sign.
* EMAs are starting to converge; above EMA-21 and EMA-55, showing short-term trend strength.
---
**✅ Conclusion:**
* **ORACLE FIN SERV SOFT LTD** is attempting an ascending triangle breakout.
* Confirmation comes with a strong close above ₹8,913 on increased volume.
* Target potential: ₹9,900 – ₹10,000.
Would you like me to highlight support/resistance, trendlines, and add potential trade setups (stop-loss/target zones) for this breakout? Let me know! 🚀📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.