4 YEAR BO and retest Ofss has been subdued while the likes of LTTS, Tata elxsi are running. Can easily go to 6500 if stays here and don't break below the retest zone convincingly
OFSS trade ideas
ORACLE FINANCIAL SEVICESNSE: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.
OFSS SWING TRADINGOFSS
Creating a Flag and Pole Pattern
Buy in the range of 3235-3260
Target near 3550
Time frame - 2-3 weeks
OFSS AnalysisThis stock tests the patience of investors too much, Decent Earnings results keep this stock from falling down.
Today is a good day for its investors, gave a good breakout, showing more growth potential with its good, MACD.
If it stays above 4950 for some more time, can expect a good upward momentum and good rally or should wait again until it breaks the consolidation. Long term investors too didn't see any good returns since 2018.
for me this stock is interesting, ill see this moment of this one from now.
[ INTRADAY ] OFSS NEUTRAL BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Ofss (Oracle Finance share )I ave been monitoring this stock for 15 days . And now it is about to make a downside breakout after being in consolidation for 2
weeks . It is going to be a very good sort trade ever .
OFSS: 10 Year Breakout on Cards...6500 PossibleStock has broken from a 10 Year consolidation. Target comes to 6500+ if breakout sustains
OFSS Descending Triangle May show downside movement if support breaks. Kindly consult your financial advisor before entering in trade.
OFSS Positional View !!OFSS : cmp : 4818
Trading near the breakout lvl of 4857 .If it surpass and sustains
above the level a short term buying trigger could be possible in the near term.
Making higher highs for 3 days.RSI trending up.
TGT may be 4918/5010
SL 4772 Dclbs
Positional tgt 5300
Sl 4700 Dclbs
Option Strategy : Buy Sept 4800CE/4900CE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Long term investmentIT software company
Artificial intelligence is the power of business
Strong fundamentals
Now at cheap valuation w.r.t sector and peers
Multi year breakout - Don't missEntry - CMP
SL - 4300
The stock has broken 2018 top which is a clear sign of strength.
ORACLE FINANCIAL SERVICES SOFTWAREI like this setup.
It might take some time to get there but the setup is what I focus on and not the time.
When markets seem overbought , time to look for good stocks with good pattern.
STOCK FOR THE WEEK OFSSGood morning/afternoon/evening Friends
Today we are going to talk aboutOFSS. Remember we are only expressing our opinion on the stock there is no recommendation at al.For detailed analysis watch the video and provide your feedback so that we can improve ourself.
Thank you and Regards.
OFSSPRICE IS HEADING TOWARDS ITS ALL TIME RESISTANCE LEVEL..IF IT BREAKS AND SUSTAINS..THEN ANOTHER STORY OF PRICE WILL BEGIN..SUPPORTED VOLUME IS THERE AS STRENTGH..FOE LEARNING..GOOD TO OBSERVE..
Trend line support - short term2.7% upside expected, if closes above 3750 then potential for 4000 levels.
Explained on the chart with text.
Please refer to it.
