disclaimer.... not an investing/trading recommendation
Oberoi Reality traded near trend line. Good time to buy
stock is in downtrend making lower lows & lower highs cmp - 486.8 resistance 495 buy if close above 496 , can goto 510, 510 short if close below 485 can goto 480, 465, 455
NSE:OBEROIRLTY Multiple signals have emerged which point towards upward revision of price in this stock over coming days. While Daily MACD stays in continuing buy mode, Weekly MACD has reported a positive crossover. It is now bullish while trading above its signal line. RSI stands neutral and is seen breaking out of a pattern formation. On the Weekly Charts, the...
Double Top formed with -ve divergence, breach of +ve trendline may fall upto 400 levels
OBEROI has been moving in a channel . After a huge leg up yesterday, its testing the upper edge. Awaiting a breakout or reversal. Its still respecting the LIFETIME CHANNEL--> Hit the play button in the post below
OBEROIRLTY is retesting the lifetime high it made recently. Moving in an up channel, its near the edge of it. Awaiting a breakout/reversal.
OBEROIRLTY GETTING READY FOR A MOVE
As mentioned in charts, Aiming if swing retraces back as anticipated and bearish momentum continues:: Short - TP = 410, 405, 390, 388 and beyond (if breakdown) Take SL as per risk appetite The retracement also derives strength from %William also showing downtrend and also from bearish MACD crossover.. NOTE: The company appears good from fundamental prospects so...
Oberoi realty has quite a brand name in Mumbai and its projects always attract a premium. After a great annual result with over 50% sales increase the price zoomed 17% in one day. The stock continued to show strength with steady increase reaching 360 levels. That is a annualized 70% return. However post demonetization saw a strong correction retracing to 260...