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
OFSS has formed a double bottom structure in hourly charts with MACD crossover , which shows it can once again test the levels of 3700-3750.
Long OFSS near 3600-3625.
OFSS is looking good to Buy at the current level and is expected to reach marked levels on the chart in upcoming sessions.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:OFSS is a very good fundamental company.
right now stock is making rounding patterns in a daily frame.
and taking strong support at 4399.
one can buy this stock for a short-term target of 4930.
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...
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.
