OFSS trade ideas
OFSS - Weekly Chart - Swing TradeThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
OFSS BullishOFSS closing 3236.5 with stoploss 3162 then targest are 3310-3380-3450.
Buying Reason.
1 --> Price can move above all ema.
2 --> Price close above 20 #EMA.
3 --> #RSI is cross 60 level.
4 --> #ADX is show the #Bullish move and +DMI is rise.
5 --> #Volume is also show the Breakout.
6 --> #Bollinger #Bands are also open in Positive side.
OFSS - Long SetupNSE:OFSS
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.