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
Below key level 3832 , also stochastic indicating over bought scenario. shorting at 3815 with sl 3856 for swing target of 3640 , 3350
Short below 3747 with SL 3826 T1 3723 T2 3701.75 T3 3688.35 T4 3665.5 T5 3658.6 T6 3641.15
Short below 3746.5 with SL 3835.45 T1 3723 T2 3701.75 T3 3688.35 T4 3665.5 T5 3658.6 T6 3641.15
Short below 3689.3 with SL 3764 T1 3666 T2 3655.8 T3 3641.15 T4 3637 T5 3626
Short upon close below 3600
Oracle Financial crossed 1/1 descending angle yesterday and is considered to be out of consolidation after prolonged consolidation. The only worry is that, it rebounded from 2/1 ascending angle resistance at 3588 yesterday, which hopefully will be toppled today.
Failure of OFSS Daily BO; let's see if it closes above weekly BO. 4th attempt of breakout.
Resistance Breakout with a big Candle. Any correction towards the breakout level will be bought out. So our SL becomes small.