OFSS is moving towards a target of 9300+. Other factors:
1. Using fibonacci retracement the targets are coming at 9300+
2. MACD is positive
3. RSI is positive
4. Price has touched upper side of Bollinger Bands and we can expect the price to be bullish
"Clear Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
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.
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.
Reason for long
a) HSP breakout
b) super vwap breakout
c) weekly breakout
d) monthly breakout
e) open = low set up
f) volume and price spurt
g) SL compulsory
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
#OFSS trading above Resistance of 6606
Next Resistance is at 9759
Support is at 4658
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
📊 DETAILS
Sector: IT Services & Consulting
Mkt Cap: 38,619 cr
Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. The company was incorporated in 1989 and is based in Mumbai, India. Oracle...
