OBEROIRLTY , Hold it for long term as well undervalued stockI will buy OBEROIRLTY because :
It has been taking support .
It has touched the support 3 times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 523
Target : 606
Stop loss : 506
OBEROIRLTY trade ideas
Oberoi Realty Ltd / Perfect Head and Shoulder After a good consolidation. The stock has given a fresh breakout.
Good volume activity at the breakout level. RSI too gave breakout
Everything looks good to go. Ready to outperform.
600 level will act as support.
SL *560 *510
Target *890 *1190
Manage your Risk
You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best.” – Jaymin Shah
Oberoi Reality Strong Techno - Funda PickHello Everyone,
Let's have a look at the technical chart of Oberoi Reality, on weekly chart you can see strong breakout above the resistance of 612 and now it 's in the uncharted territory. From Technical Chart we can derive a target of 1042 in next 6-9 months time frame.
Company is having decent Market Cap of ₹ 24,116 Cr & it is almost a debt free company, in the real estate sector excellent performer and it's revenue is rising is a good sign. Company Reserves are rising and company EPS is stable to rising , promoter holding is 67.70%. FII and DII holding at about 29% so hardly few quantum of shares are available with the retail investors.
This is a great techno-funda pick for the next one year which can fetch excellent returns.
For Educational Purpose Only.
If you like this post do like, share and comment what you feel about the company.
Oberoi Realty 4yr Channel / 2yr Head and Shoulder / ATH BreakoutSL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Oberoi reality looking strong on chartsOberoi reality looking strong on charts
Head & shoulders pattern formation clearly seen on charts , If it sustain above 610 , Can move further upside
Keep eye on it.
DISCLAIMER
Educational Purpose
All Trades Involve risk , Please do your analyis before Initiating Any trade.