📊 Details
Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. The company was incorporated in 1989 and is based in Mumbai, India. Oracle Financial Services Software Limited is a subsidiary of...
Oracle Financial Services Software (OFSS) is currently making waves in the market as it achieves an impressive all-time high breakout, accompanied by a surge in trading volume. This compelling development suggests a potential and sustained up move for the stock.
Investors and traders are closely monitoring OFSS as it enters uncharted territory with this all-time...
Breakout after long consolidation in weekly chart
entry - after crossing high of this breakout candle
stoploss - low of the breakout candle
time - medium to long term
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
OFSS has been resisted twice at the 75% level in recent past which is 4580.40. Thereafter it has retraced below th 50% level of 4015.80 and bounced back to the 75% givigan 25% returns in last 10 weeks. Again 75% level proved itself by the profit booking by smart investors.
Above the 4580.40 OFSS can attempt for a double top at 5145 level. In between we have a...
In the Weekly Chart of OFSS ,
we can see that; slowly it is leading towards Cup & Handle breakout.
it is respected the Trendline.
Possible momentums are shown in chart.
NSE:OFSS - Looking good with a pending breakout at 4254 levels from current price. With a SL below todays day low, one can look for long trade for a probable target listed on the chart.
Let's see how the story develops. Best wishes!
Disclaimer -
- My thoughts are shared here. This is both for my own records and for keeping track of what I see on charts.
- If...
