Reason for short
a) waiting for pull back to happen near 3150 level with false high is a short. it may come as gap up or mid day or EOD
b) pull back short
the abbove share will provide u the benfit of less investment high return the share has made double bottom and gave the breakout cnadle now tmmrow confirmation candle will arrive ass per my pridication
Reason for long
a) Consolidation breakout possible because in higher time frame looking like w pattern
b) IT stocks are in reversal mode - relief bull rally for next few days.
This is follow-up on Oracle Financial Services Software. Can check link to related ideas.
Target 1 achieved. Gain of more than 12%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
Chart showing superb pattern with perfect candles appearing at correct trendline supports in weekly,daily, hourly candles.
Add it to watch list...
Entry can be taken now and quick target most probably can be 3680
Next target- 3899
SL- daily candle closing below yellow trendline.
NEVER TRADE WITH CONVICTION....TRADE ALWAYS WITH PROBABILITY.
Just for knowledge.....
Study
- 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...
In the loving memory of my child Muffin I present you this chart analysis... ...please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you and makes you smile then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis...
risk: Reward ratio is 1: 2
Rest as per Charts
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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...
In today's session seen Falling wedge pattern breakout in OFSS . According to this pattern expected first initial target 3795+ and Final target is 4110+ in OFSS .
Company has reduced debt.
Company is almost debt free.
Stock is providing a good dividend yield of 5.98%.
Company has a good return on equity (ROE) track record: 3 Years ROE 26.67%
Company has been maintaining a healthy dividend payout of 67.80%
OFSS has formed a double bottom structure in hourly charts with MACD crossover , which shows it can once again test the levels of 3700-3750.
Long OFSS near 3600-3625.
![OFSS: [ INTRADAY ] OFSS LONG BET](https://s3.tradingview.com/a/aMd71xn8_mid.png "[ INTRADAY ] OFSS LONG BET")
