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 ...
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
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 ...