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
Trade ideas
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.
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.