OFSS is near it's CUP & HANDLE pattern breakout on a weekly time frame. Stock promises attractive dividends as per the history. NOTE: I'm not a SEBI REG. Study before investing.
On Week Chart The best entry around 0.5 - 0.8 of Fair Value Gap On 4H TF LINK has support zones at 18.2 lower 17.5 These levels are good entry for next bullish, if it's broken down LINK can bounce back from Fair Value Gap 16.9 - 16.2 Time will tell
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.
Oracle 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
NSE:OFSS is nearing triangle breakout Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on strong close above 3180 Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line Target : 4200, giving around 32% returns from current price of 3147.70....
If breaks this level next 4150 would be seen soon. bollinger bands is squezzed so can give a move either side, so wait for confirmation to enter either of the side.
People Invest in ITC and other PSU for dividend and whatever dream of growth they see in those stocks !! Here is OFSS.. U cant get better fundamentals than this Stock.. According to me , this is the cheapest IT stock available in the market and a safe bet !!! DIVIDEND YEILD - 5.5% at CMP !!! what else do u want ? rather than making a mutual fund SIP or doing FD...
on DTF the company is forming a cup and handle pattern and taking resistance from 3600 levels. This level has been tested multiple times now. So any close above this 3600 level can move the stock to further 4k levels. On a weekly timeframe, this shows an inverted H&S pattern, which is a bullish pattern. DISC: For educational purposes only.
BAND has upward channel and could have more room to grow provided altseason stands true..
If it breaks the resistance zone then you can enter Targets are mentioned on the chart Note: This is my view, you should do your analysis before taking any action.
Must move a bit and follow the long term downtrend
Short oracle fin srv in the resistance zone marked between 4286-4350 / Target 3950-3775 /Stop Loss 4411
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...