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#OFSS trading at important level 3,800 to 3,750. If stock able to hold 3,850 than you can see level of 4000-4200++ and if stock close below 3,750 than we can see 200-100 point fall.
Ref chart. Added points: 1. Bullish Engulfing 2. Positive indication in RSI 3. Taken support from 200DMA 4. 6 % Short covering Provided NIFTY is support.
Buy OFSS for HnS pattern target of 5000 (pattern target is 1000) A mid to long term target.
Stock has come to a very reliable and effective support zone, should see a bounce to 4180. Stop loss 3980.
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...
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.