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Oracle Financial Services Software LimitedOracle Financial Services Software LimitedOracle Financial Services Software Limited

Oracle Financial Services Software Limited

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Bullish 1. The scrip has come out of the influence of the Gann descending Fan shadow formed due to the top made on 19th Oct 2021 at 5145 by end of July 2023 and is now free from its bearish influence 2. Golden cross over (200 SMA X 50 SMA) happened in early March '23 at price band of 3200 would have been a vantage entry point. True to its promise it has already made a 25% jump from the cross over level. 3. Bottom formed at 1500 level in Mid March 2020 still holds good and now it is about to tread above 1/2 Gann line which if sustained, may surpass previous high of 5150, possibly by the end 2024.
NSE:OFSSLong
by sabyasachi_nath
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.
NSE:OFSSLong
by TradewithAditya