1) Breakout of 6 months bearish trend this week with large volume -- RSI also in overbought zone 2) High Delivery and OI volume in last 3 days 3) USD INR making new lows due to dollar strengthening 4) While other IT companies even Wipro made new highs, ofss has been laggard 5) 73% owned by Oracle 20% by Institutions majorly FIIs- RoE-31% but profit growth has been only 5% for last 3-4 years so stock has undermentioned 6) Revenue mix North America 38% , Europe and Middle east 31% and asia 31% 7) 80% revenue from Oracle product suites deployment primarily to banks for their customized needs - has 2700 Cr cash on balance sheet and trades at P/E 28x trailing - company has always been at premium valuation to infosys and TCS due to product nature of business and US based parent 8) Shall cross 5000 if volume sustains -- also retail float is 4-5% which should give momentum