#OBEROIREALTYHighest H and Close in the range with SC
Activation Confirmation on crossing the Zone 678.30 - 684.55
OBEROIRLTY trade ideas
#OBEROIRLTYHighest H and Close in the range with SC
Activation Confirmation on crossing the Zone 678.30 - 684.55
swing trade or confluence tradingEntry stop loss and target mentioned in the chart
Trading idea based on:
Ascending parallel channel
Simple minor downward trendline breakout
Technical concept:
Confluence trading
Note:
Its just my point of view, Please recheck and enter the trade with proper risk management.
Is the pullback confirmed?1. Price making Higher High and Higer Low, a good sign of uptrend.
2. The latest candle is a bullish candle. Bears were not able to take the price lower and there was a bounce.
3. We can buy here if the price is within the zone.
4. SL will be around 680.
oberoi reality looking great , breakout with volume and retrace oberoi reality looking great , breakout with volume and retrace volume
Oberoi Realty: A stock for investmentOberoi Realty is a fundamentally good stock for investment. It's total revenue on QoQ basis is really good. As the India Unlock theme is going on so one can buy this stock with SL 530 on a closing basis for a target of 685-700 for the short term.
Oberoi reality - Long side tradeOberoi reality -
CMP - 622
Technical details -
1. Stock gave a breakout above 642/43
and started trading in uncharted territory.
2. Made an inverse head and shoulder
before this breakout.
3. Rounding bottom pattern is visible on
weekly chart.
4. Breakout post this rounding bottom,
stock was trading in uncharted territory, followed by a breakout.
Opinion -
1. Long term - Trade on the long side with a technical
target of 884 and SL below 513.
2. Short term - This stock has capability to deliver 10%
returns in short term.
Short term target is 880.
Ascending Triangle BreakoutOBEROIRLTY: Swing trade
Ascending Triangle Breakout
In Ascending triangle pattern the upper trendline is flat, while the lower line is rising.
This pattern indicates that buyers are more aggressive than sellers. It is considered a bullish pattern and is usually resolved with a breakout to the upside. The pattern is completed on a decisive close above the upper line.
This breakout should see a sharp increase in volume .
The upper resistance line should act as support on subsequent dips after the breakout.
Ascending Triangle Measuring Technique
For the ascending triangle, traders can measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed, later on starting from the breakout point and ending at the potential take profit level.
The illustration above shows the distance from A to B can be transferred higher up, from C to D, in order to project a possible take profit level.
How to trade Ascending Triangle Pattern
After viewing a strong break above resistance, traders can enter a long position, setting a stop at the recent swing low and take profit target in line with the measuring technique.
Note- False breakouts are possible (traders need to manage risk accordingly )
My advice is to risk only 2% of your trading capital. Buy 30% of your position at CMP & if price respect levels of 676 then execute your 70% position.
The whole idea is to lose less money when you are wrong and to win more money when you are right.
Oberoi RealtyTrendline breakout on Weekly charts
Good volumes seen, initiate long
RSI at levels of 63
Hold for targets - 740, 790
Good support at 563
Oberoi Realty - Technical playBreaking out of All Time High with volume and Momentum. CNX REALTY also giving breakout of 2019 levels.
Could be a good bet considering technical play
Buy OBEROI According to chart anylasis its making rounding bottom pattern so we suggest for buying.
Buy 685 or @cmp.
Target : 700, 715, 750++
Oberoi Realty ViewOberoi Realty :
Breaking 680 is crucial for a good upmove further
Immediate support at 660
Crossed big hurdle from April 2018 At last crossed the hurdle with volume. Rest all mentioned on the chart.
Oberoi Realty Breaking OutChart looks good to break ATH and reach fibo 1.618 target of 734 and pattern target of 773.
SL 631 on closing basis as it was rejected multiple times.
Buy above 671 for a target of 734-773.
SL 631 DCB
