ORACLE FIN SERVICE NSE:​OFSS

channel weekly cup and handle https://www.tradingview.com/x/ImVk49IY/

OFSS broke multiyear high with good volume. MAde very good pattern which is saucer shape. Saucer shape is highly bullish pattern. 1st target is 6930...which means 2400 appx tgt

Failure of OFSS Daily BO; let's see if it closes above weekly BO. 4th attempt of breakout.

OFSS_new breakout

Resistance Breakout with a big Candle. Any correction towards the breakout level will be bought out. So our SL becomes small.

looks good on chart should be bought on correction as the current move seems over extended.

Refer chart. Vijayaraghavan.K, Kovilpatti

Qracle Finserve_Breakout above 4202/-can move big

shorting opportunity in ofss ,level mentioned in chart. (all trades are positional and SL are CBSL)

Short oracle fin srv in the resistance zone marked between 4286-4350 / Target 3950-3775 /Stop Loss 4411

1) Breakout of 6 months bearish trend this week with large volume -- RSI also in overbought zone 2) High Delivery and OI volume in last 3 days 3) USD INR making new lows due to dollar strengthening 4) While other IT companies even Wipro made new highs, ofss has been laggard 5) 73% owned by Oracle 20% by Institutions majorly FIIs- RoE-31% but profit growth has ...

#OFSS trading at important level 3,800 to 3,750. If stock able to hold 3,850 than you can see level of 4000-4200++ and if stock close below 3,750 than we can see 200-100 point fall.

Ref Chart..

Expect fireworks soon in the stock with the IT sector doing very well.

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Sustaining the good level, seems the target can be achieved in the next week.

Ref chart. Added points: 1. Bullish Engulfing 2. Positive indication in RSI 3. Taken support from 200DMA 4. 6 % Short covering Provided NIFTY is support.

Buy OFSS for HnS pattern target of 5000 (pattern target is 1000) A mid to long term target.