OFSS at multi timeframe supportThe stock is trading near-monthly and weekly price support i.e 2930-3020
Keep an eye on the price action near these levels for any bottom/reversal formation.
Bullish divergence near these levels can be seen on the daily chart.
Wait for more such positive confirmation in price action for initiating any positional trades in the stock with great RR.
OFSS trade ideas
Long OFSS for target 4500Buy at CMP (4150)
Add more around 4100-4050
Safe buy on closing above 4270
Target : 4500
Stop loss : 4000
Analysis is based on harmonics XABCD, Stock has corrected lot and is at decent price right now for making a good position.
Disclaimer: Views are for education purpose only. Do your own research before investing
OFSS CHANNEL PATTERNHello
Welcome to this analysis about OFSS , we are looking at daily timeframe perspectives. OFSS is developing here that will be a decisive factor in the upcoming times. I discovered the main formation OFSS is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how OFSS has emerged with this key channel pattern marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the lower-boundary of the channel-formation a pullback
In this manner, thank you for watching my update-analysis about OFSS and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
CYPHER IN OFSS - consolidating Cypher pattern is apparent on hourly chart of OFSS and stock did bounced from its prz around 2300 levels.
Currently its trading in the narrow range near the 2370 levels from past two sessions, if see a break above this levels , they we may see move towards 2470- 2580 levels.
The said view will be negated below 2280 levels.