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Oracle Financial Services Software Limited

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OFSS trade ideas

ORACLE FIN SERVICE is nearing triangle breakoutNSE:OFSS is nearing triangle breakout Entry : Conservative traders, wait for breakout with volume above average and then take position. For small SL, enter on strong close above 3180 Exit : When the setup is invalidated by false breakout, or strong close below the triangle's support line Target : 4200, giving around 32% returns from current price of 3147.70. Follow trailing stoploss as IT stocks are in a continuous downtrend for long time. Midcap IT related company with strong fundamentals & financials. Income statement is good, debt to asset ratio and PE ration are very low, contributing to the pros. FII are constantly reducing their stake in this scrip from 2021 Mar, however the scrip rallied from 3000 to 5000 (66%) by the help of DII. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:OFSS
by samplespaz
Breakout after 6 yearsAbout the company NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ] Chart analysis This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes. As per Fibonacci extension, the next target for the stock is near 6000 level, which is also similar to the range where the stock was consolidating. How to trade Fresh position can be initiated from the current level. As this is a monthly chart, a bigger stop loss should be considered & the time horizon should be month to year. Target 1: 5200 Target 2: 6000 SL: Ideal SL should be closing below the recent polarity level. NSE:OFSS
NSE:OFSSLong
by abhishek_sh4
OFSS - Fundamentally strong / Falling wedge Breakout on cardsStudy - Fundamentally the stock looks good for long term (1 year target - 5900) - Fair Value - 4000 - Debt Free Company with div yield of 6% Risk Free Possible Trades - Current price is in entry zone - Enter at the LTP and look for target 1 - 3733 - On weekly closing if stock is above 3601 enter again and look for Target 2 and more - Add it to your watch-list as it Can give multiple entry zone in coming months(Stay tuned - Will be updated)
NSE:OFSSLong
by subashg07
[ INTRADAY ] OFSS LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:OFSSLong
by Palkesh_Agrawal
Chart on ORACLE FIN SERVICEChart on ORACLE FIN SERVICE CMP @ 4020 Short Term Target @ 4250 Professional Target @ 4509 Long Term Target @ 4710 Average @ 3950 I am expecting ORACLE FIN SERVICE. If it moves above 4387 then it will achieve professional target. Disclaimer Caution: WE ARE NOT SEBI REGISTERED ANALYST. Before taking any positions, please contact your financial advisor. We are not responsible for any of your "PROFITS" or "LOSSES". Whatever we are providing here is the purely educational and informational point of view.
NSE:OFSS
by ramya1979