📊 DETAILS
Sector: Software
Mkt Cap: 1,256 cr
OnMobile Global Limited is engaged in providing value-added services such as Ringback Tones, Digital Content Store, and Infotainment over the mobile devices.
TTM PE : 61.94 (Average PE)
Sector PE : 74.50
Beta : 1.33
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality...
In the Weekly Chart of ONMOBILE ,
we can see that; it failed to give Inverted Head & Shoulder breakout.
Also, much Selling has not happened.
We might see a breakout in this.
In the Weekly Chart of ONMOBILE ,
we can see that, it is leading towards Inverted Head & Shoulder breakout.
it might respect the Trendline and then give breakout.
Expected momentum is shown in chart.
Buy ONMOBILE GLOBAL 65 as good long term support range. Weekly support of 55 range respected and bounced back after oversold range. Look for 90 to 95 levels at least 40% upside
ONMOBILE Daily looking bullish. It has trendline breakout with 200 ema support on daily candle.
Good to buy at 97.90 for target of 138 with sl below 72.30
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all...
In this analysis, we will delve into ONMOBILE's weekly chart, focusing on the breakout of the falling trendline and the presence of both Shark and Cypher Harmonic Patterns. We will assess the potential buying opportunity for ONMOBILE based on these technical signals. Let's proceed with the analysis.
Chart Analysis:
The TradingView chart for ONMOBILE reveals...
This stock has much potential for upside.
Weekly- Price is challenged upper bollinger band
MACD positive crossover stat
Daily- Price is above 50 EMA and challenged upper bollinger band
RSI is above 60 and ADX is strong
EMAS PCO
Volume is high
BREACHED 10 YEARS RESISTANCE LEVEL WITH HIGH VOULMES
ALSO VOLUME ACCUMULATION SEEN IN LAST 6 MONTHS
TRADING ABOVE 200 EMA
UPTREND IS EXPECTED TO CONTINUE AND REACH MENTIONED TARGET LEVELS TILL 2025.
ITS INVESTMENT STRATEGY. TARGETS MAY BE ACHIEVED FASTER BUT INVESTING WITH PATIENCE FOR 4-5 YEARS MAY YIELD HIGHER RETURNS
CAN GO LONG WITH SL OF 108 ON WEEKLY CLOSING BASIS
*for educational purpose only.
price is moving in a symmetrical triangle. In coming days stock may give good return.
enter with SL of 115.RSI is showing some strength.
kindly contact to your financial advisor.
NSE:ONMOBILE
Cmp : 124
Entry : cLOSING ABOVE 128
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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