Oracle Financial Services Software Ltd Positional longOFSS has given a good breakout on inverted head and shoulder pattern.
This patter is trend reversal pattern and it is ideal when it is at Bottom and previous trend is down.
Stop loss 2800
It is a Good company can hold it for long term portfolio stock.
OFSS trade ideas
OFFS LOOKS BULLISH ON ALL TIME FRAME.OFFS ONE OF MY FAVOURITE STOCK IN TERMS OF FUNDAMENTAL ITS UNDERVALUED IN IT SECTORE AND I PERSONALLY HOLDING THIS SHARE, NOW CURRENTLY ITS LOOKING BULLISH GOING TO ADD FEW MORE QUANTITY. MAKE YOUR TRADE PLAN ACCRODING IF YOU WANT TO BUY CONSULT YOUR FINANCIAL ADVISIOR.
OFSS, Positional Pick with 10-15% potential (CHART# 333)OFSS is near its long term resistance zone of 3200-3300.
It has given in intraday today to buy at 3232 and made intraday high of 3301.
If this manages to close above 3310-20, then it can scale up to 3700 & 3900 level.
Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta
Oracle Financial Services Software (OFSS) Chart StudyOracle Financial Services Software ( OFSS ) is trending above 200 days EMA and 50 days EMA . 50 days EMA has crossed 200 days EMA from below.
Stock is having strong support near 200 days EMA and a resistance around Rs . 3427. If breaks the resistance with volume , it can reach to levels mention in the chart.
Oracle Financial Services Software Ltd. - WEEKLY CHART!Oracle Financial Services Software Ltd.
Candlestick DOJI pattern clearly visible nearby 5MA: 2950.
Though the price produced closing above 5MA but technically sentiment wise its a indecision phase.
Technically 2880-3010 zone should breakout to unfold fresh short term trading momentum.
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