**Oracle Financial Services Software Ltd. (OFSS)** based on the charts you provided:
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🔍 **Patterns and Structure Observed:**
* The chart shows a **Cup and Handle breakout** pattern, where the price formed a large rounding bottom (Cup) and a handle consolidation (Triangle).
* The breakout occurred above the **₹8,913** level with strong volume, confirming the bullish move.
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🔹 **Key Levels:**
* **Breakout Level:** ₹8,913
* **Current Price:** \~₹9,161
* **Immediate resistance zone:** ₹9,538
* **Higher targets:** ₹10,685 based on the measured move of the Cup and Handle pattern.
* **Support zone:** ₹8,900–₹9,000.
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🔹 **Volume & Momentum:**
* There is a **significant volume spike** at the breakout, suggesting institutional interest.
* If the price sustains above the ₹9,000–₹9,100 zone, the breakout is likely to be validated, with further upside likely.
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🔹 **Implication:**
As long as the price stays above the breakout zone 8,900, the chart favors further upside toward the next resistance targets. If the price reverses below the ₹8,900 zone, the breakout could be invalidated.
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---
🔍 **Patterns and Structure Observed:**
* The chart shows a **Cup and Handle breakout** pattern, where the price formed a large rounding bottom (Cup) and a handle consolidation (Triangle).
* The breakout occurred above the **₹8,913** level with strong volume, confirming the bullish move.
---
🔹 **Key Levels:**
* **Breakout Level:** ₹8,913
* **Current Price:** \~₹9,161
* **Immediate resistance zone:** ₹9,538
* **Higher targets:** ₹10,685 based on the measured move of the Cup and Handle pattern.
* **Support zone:** ₹8,900–₹9,000.
---
🔹 **Volume & Momentum:**
* There is a **significant volume spike** at the breakout, suggesting institutional interest.
* If the price sustains above the ₹9,000–₹9,100 zone, the breakout is likely to be validated, with further upside likely.
---
🔹 **Implication:**
As long as the price stays above the breakout zone 8,900, the chart favors further upside toward the next resistance targets. If the price reverses below the ₹8,900 zone, the breakout could be invalidated.
---
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Disclaimer
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Related publications
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.