NSE:OFSS Long setup at 2980.30 with SL at 2968.45 and TP 3003.90
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
Bearish below 200 DMA and price at Double Bottom support. Holding the same may move towards 200 DMA again. All IT stocks are in correction mode after handsome rise.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
OFSS is trading below key level , also stochastic indicates overbought scenario.
selling around 3820 with sl 3857 for potential target of 3705, 3640, 3560
Oracle Financial Services Software Ltd. is a holding company, which engages in development, sale, and market of computer software and computer systems; and provision of consultancy and other information technology related activities. It operates through the following segments: Product Licenses and Related Activities; IT Solutions and Consulting Services; and Business Processing Outsourcing Services. The Product Licenses and Related Activities segment deals with banking software products. The IT Solutions and Consulting Services segment offers services comprising the entire lifecycle of applications used by financial service institutions. The Business Processing Outsourcing Services segment includes services for lending, collections, customer service, and capital markets industry. The company was founded on September 27, 1989 and is headquartered in Mumbai, India.
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OFSS
![OFSS: OFSS Long Setup [Intraday]](https://s3.tradingview.com/3/3JDhszpu_mid.png "OFSS Long Setup [Intraday]")
