OFSS trade ideas
OFSS sell trade given on 22 jan 220 points profit, 5860 and 5050On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
OFFS if break 6390 then 5000 levels will come avoid fresh buyingOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
OFSS | Positional Trade📊 DETAILS
Sector: IT Services & Consulting
Mkt Cap: 38,619 cr
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 Global (Mauritius) Limited.
TTM PE : 21.05 (High PE)
Sector PE : 34.29
Beta : 0.89
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
2.38% away from 52 week high
Outperformer - Oracle Financial Services Software up by 10.58% v/s NIFTY 50 up by 4.1% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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OFSS | Swing Trade📊 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 Global (Mauritius) Limited.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
OFSS: Breaking Barriers - Promising Up move with Surging VolumeOracle 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 high breakout. The significance of this event is accentuated by the increasing trading volume, indicating heightened market interest and participation in the stock.
The breakout to new highs implies a positive shift in market sentiment towards OFSS. Investors seeking opportunities in the stock may find this development enticing, as it suggests a potential continuation of the upward momentum.
As market dynamics evolve, participants are advised to conduct thorough research, considering both technical and fundamental aspects of OFSS. The breakout, coupled with rising trading volume, could be indicative of strong underlying fundamentals or positive industry trends supporting OFSS's growth potential.
While capturing the up move, investors should remain vigilant, continuously monitor market conditions, and factor in the inherent risks associated with investing. Seeking guidance from financial professionals or advisors can provide valuable insights tailored to individual financial goals and risk tolerance during such periods of heightened market activity.
Amazing breakout on Weekly / Daily Timeframe - OFSSCheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
ORACLE FIN SERVICE ( OFSS ) WEEKLY GANN ANALYSIS...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 resistance at 4862.70 as seen on chart.
Supports at 4390.70 and 4298.10 can be used as buying levels with suitable risk reward ratio as per personal risk profile.
Happy Trading !!!
Disclaimer : Not an trading advice. Use your discretion and all disclaimers apply as per prevalent norms in the domain of the reach provided here.
OFSS - Long - Inverted H&S Breakout Coming SoonNSE: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 you are referring to this, please keep in mind that it is only for educational and research purposes.
- Past performance is no guarantee of future results.
- You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION.
- It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance.
- Before investing, conduct your own research and consult with a financial advisor.
TIA!
OFSS 1HRINTRADAY / SWING TRADE
OFSS Looking good for upside..
When it break level 4223 and sustain.. it will go upside...
BUY@ 4223
Target
1st 4265
2nd 4305
OFSS SEP FUT – 7 LOT (Qty-1400)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
TRADERS HOLD SWING TRADE FOR LONG TARGET