NSE:OFSS after a stellar rally showing some signs of weakness with RSI in over bought range
One can short it below 4055
T1 - 3891.10
T2 - 3807.80
SL - 4177.20
OFSS, a relatively illiquid counter and ideal stock to have in someone's cash portfolio has finally given a clean breakout.
Erstwhile supports came in well from the 50% Fibonacci Retracement, and the recent breakout is well supported by volumes. Structurally the chart is in an UP trend across all time frames, for which i use the MACD indicator. Momentum to pick...
Weekly MACD cut and daily MACD Crossover will helps to break the triangle. In mid term view it may reach the new higher levels.
CMP: 3557
Targets are
3780, 3807, 3920, 3994
4084, 4110, 4206, 4243
4286, 4365,, 4392, 4619
Stoploss: 3376
Vijayaraghavan,
Inditrade,Kovilpatti
BUY ABOVE 3680
STOP 3640
TARGET 3725-3750
9TH NOV, DAY TRADE ONLY.
USE PENDING ORDER
When 1st Target Achieved Book 60% Quantity. And Trail Your SL to Entry Price.
No Technique Can make money for you, if you don't follow disciplinary principals.
Risk Management & Position sizing is must before entering any trade.
NSE:OFSS has been trading inside a range for last 3 months and has formed Symmetric. In the coming month it will either break above it or below it which will give the trend.
Keep a look out for NSE:OFSS
OFSS - Reversal Supported by Harmonic + Oscillator + Candle Pattern,
Candle Pattern: Bullish PIN.
Harmonics: Bullish BUTTERFLY.
Oscillators & Indicators: RSI, Stoch-RSI, W%R (on Chart) & some others oversold.
....more on chart.
Go LONG: @ LTP +0.5% to -0.5%
Target for Swing / Intraday: on Snapshot.
Target for Short term: Plotted on Chart
For FnO Traders...
cmp 3673 Stock can be accumulated in the range of 3585-3675 stop loss for this view is 3350 target could be anywhere between 3850-4000. Please post your comments as to you agree with the tripple bottom formation or not. Thanks. Happy Investing!!!
