OFSS -Inverted Head and shoulder— Near Breakout -Daily
OFSS -Inverted Head and shoulder—Daily
It also forming flag and pole pattern.
Name - OFSS
Pattern - Inverted head and Shoulder
Timeframe - Daily
Status - Near breakout
Cmp - 10988
Target - 13074 - need to close above 11330
SL - 10700
Pattern
The Inverted Head and Shoulders pattern is a bullish reversal pattern
Fundamentals
Oracle Financial Services Software Limited (OFSS) is a prominent player in the financial technology sector. Here are some key fundamentals of the company:
Market Capitalization: Approximately ₹93,085 crore
Share Price: ₹10,9887 on NSE
Price to Earnings (P/E) Ratio: 39.86
Revenue: ₹6,652 crore for the fiscal year ending March 2024
Net Profit: ₹2,335 crore for the same period
Dividend Yield: 2.24%
Return on Equity (ROE): 32.53%
These metrics indicate a strong financial position and consistent performance.
OFSS
OFSS - Breakout Setup, Move is ON...#OFSS trading above Resistance of 9759
Next Resistance is at 12911
Support is at 6606
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Oracle Financial Services Software Ltd - Long Setup, Move is ON.#OFSS trading above Resistance of 6606
Next Resistance is at 9759
Support is at 4658
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
OFSS (Looks Ready For 9000)Oracle Financial Services Software (OFSS) has given a range breakout on a daily time frame today. The stock could head towards 8400, 8,700, and 9,000 in the coming few days. The stop loss can be placed at 7,742, which is today's low.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
OFSS chart 150% move in a year💥OFSS chart 150% move in a year💥
Fibonacci levels played so well in this chart pattern and great move after the 50% Fibonacci levels.
Lines drawn an year back aged well and now it shows how chart resists on those levels of 8200 levels.
No recommendations, just my view on the chart that fetched great result.
OFSS | Positional Trade📊 DETAILS
Sector: IT Services & Consulting
Mkt Cap: 38,619 cr
Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. The company was incorporated in 1989 and is based in Mumbai, India. Oracle Financial Services Software Limited is a subsidiary of Oracle Global (Mauritius) Limited.
TTM PE : 21.05 (High PE)
Sector PE : 34.29
Beta : 0.89
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
2.38% away from 52 week high
Outperformer - Oracle Financial Services Software up by 10.58% v/s NIFTY 50 up by 4.1% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
OFSS | Swing Trade📊 Details
Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. The company was incorporated in 1989 and is based in Mumbai, India. Oracle Financial Services Software Limited is a subsidiary of Oracle Global (Mauritius) Limited.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
STOCKS TO KEEP ON RADAR FOR UPCOMING SESSIONSNSE:PIDILITIND
Stocks to keep on the radar for upcoming sessions.
1. Pidilite
2. Axis Bank
3. OFSS
4. PEL
5. MFSL
All stocks have a bearish bias and the analysis is explained in the video
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy Trading!
OFSS - Long SetupNSE:OFSS
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Oracle Financial Services Software Ltd - 02.09.2022Oracle Financial Services Software Ltd - 02.09.2022
The stock is trading @ 3147 levels
The PRICES ARE BELOW EMA
There is a BULLISH HARAMI in Daily Chart
There is a SPINNING TOP in Daily Chart
STOCHASTIC is Oversold in Daily Chart
The Fibonacci Retracement 61.8% is 3172
Let the prices go above 3175
Watch out for the price action
Breakdown in Oracle Financial Services Software...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
OFSS - Fundamentally strong / Falling wedge Breakout on cardsStudy
- Fundamentally the stock looks good for long term (1 year target - 5900)
- Fair Value - 4000
- Debt Free Company with div yield of 6%
Risk Free Possible Trades
- Current price is in entry zone
- Enter at the LTP and look for target 1 - 3733
- On weekly closing if stock is above 3601 enter again and look for Target 2 and more
- Add it to your watch-list as it Can give multiple entry zone in coming months(Stay tuned - Will be updated)