OBEROIRLTY 👑OBEROIRLTY👑 Oberoi Realty Ltd view for Intraday 19th September #OBEROIRLTY Buying may witness above 1822 Support area 1800. Below ignoring buying momentum for intraday Selling may witness below 1790 Resistance area 1800-1805 Above ignoring selling momentum for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
OBEROIRLTY Chart looks good on Daily chart. Strong support near 1680-1640, holding this zone since last week, adding the strength in current trend. Volume in stock look good and i feel it should move strong towards ATH in short term. Reality sector outperforming.
Support Level: This is a price level at which a downtrend can be expected to pause due to a concentration of demand. In other words, it's where buyers tend to enter the market, preventing the price from falling further.
Resistance Level: This is a price level at which a trend can pause or reverse due to a concentration of selling interest. It's where sellers often come in, preventing the price from rising further.
#oberoireality is consolidated in daily Timeframe, it looks like triangle pattern, but one needs to be aware has lot of time fake breakout is been seen, good for buying in cash, risk management and patience is important overall bullish for short-term swing .Please check the chart carefully.
OBEROIRLTY Such a waste stock, everyday falling and if we compare this with Nifty Realty Oberoi is one of the underforming worst company. Not recommend to hold this stock. Better choose LODHA or DLF for future investment.