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...
BUY ABOVE 3680
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.
Weekly MACD cut and daily MACD Crossover will helps to break the triangle. In mid term view it may reach the new higher levels.
3780, 3807, 3920, 3994
4084, 4110, 4206, 4243
4286, 4365,, 4392, 4619
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
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!!!