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Oracle

ORACLE FIN SERVICE is nearing triangle breakoutNSE: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. Follow trailing stoploss as IT stocks are in a continuous downtrend for long time. Midcap IT related company with strong fundamentals & financials. Income statement is good, debt to asset ratio and PE ration are very low, contributing to the pros. FII are constantly reducing their stake in this scrip from 2021 Mar, however the scrip rallied from 3000 to 5000 (66%) by the help of DII. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:OFSS
by samplespaz
Oracle Financial Service Soln1) 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
NSE:OFSSLong
by NikunjPurohit