OFSS trade ideas
OFSSOFSS
MTF Analysis
OFSSYearly Demand 4,528
OFSS 6 Month Demand 4,528
OFSSQtrly Demand BUFL 4,528
OFSSMonthly Demand 7,984
OFSSWeekly Demand 7,984
OFSSDaily Demand DMIP 7,578
ENTRY -1 Long 7,984.0
SL 7,075.0
RISK 909.0
Target as per Entry 19,325.0
RR 12.5
Last High 13,200.0
Last Low 7,075.0
OFSS Stock Analysis – Is a Reversal on the Horizon?🔍 **Current Price:** ₹7,328
📊 **Trend:** Downtrend with signs of potential support.
📌 **Key Technical Levels:**
✅ **Support Zone:** ₹7,200 – ₹7,188 (Holding strong)
✅ **Resistance Levels:** ₹8,569 (Fibonacci 23.6%), ₹9,394 (38.2%), ₹10,061 (50%)
✅ **Golden Zone:** ₹10,728 – ₹11,678 (61.8% - 78.6% Fib retracement)
📉 **Technical Indicators:**
✔ **Fibonacci Retracement Analysis** suggests a **pullback rally is possible** if the stock sustains above support.
✔ **200-Day Moving Average** is acting as resistance; breakout needed for trend reversal.
✔ **Risk-Reward Setup** indicates a bounce towards ₹10,000+ if momentum builds.
⚡ **Trade Plan:**
🎯 **Bullish Case:** Reversal confirmation above ₹7,400 could lead to ₹8,500-₹9,000 short term.
⚠ **Bearish Case:** Breakdown below ₹7,188 may push towards ₹6,558.
📢 **Traders Alert:** Keep an eye on volume and price action in the coming sessions! 🔥
Oracle financial services ( OFSS ) - SHORT TO MID-TERM ANALYSIS OFSS is looking reasonable and we can expect it to bottom out soon. Levels to watch on downside are
IMMEDIATE SUPPORT - 7081
IMP SHORT COVERING LEVELS -
1.) 6723
2.) 6326
Out of these levels we can expect it to form a probable low in short to mid term.
But if it shrugs this downtrend and starts to move forward then crucial levels on the upside would be 7677 it is a base level for upside . Upon sustaining this level we can expect it to move forward towards 8,000 range + . All levels are marked in the chart posted.
OFss at trend line support Respecting the trendline
but the break of the trendline may lead to short term downtrend of the stock
OFSS NEW ALL TIME HIGH INCOMING!!This chart illustrates the technical analysis of Oracle Financial Services Software Limited (OFSS) on a 4-hour timeframe. The price is currently trading around ₹12,510, consolidating near a critical resistance level of ₹12,650. A breakout above this level is required to confirm bullish momentum and unlock the potential upside towards the next target zones at ₹12,885, ₹13,130, and ₹13,450.
The Fibonacci retracement levels are plotted to identify significant support and resistance zones. The immediate bullish view remains intact as long as the price holds above ₹12,360 on a closing basis, as marked in red for invalidation. Failure to sustain above this level could trigger a correction or consolidation towards lower support zones, highlighted in yellow.
The chart's volume analysis suggests relatively lower trading volumes during the recent consolidation, indicating the need for stronger participation to validate the breakout. The green zone highlights the target range if a breakout occurs, aligning with Fibonacci levels and historical price action.
Traders should monitor the price action and volume closely, as any decisive move above ₹12,650 could provide a bullish continuation signal. Conversely, a drop below ₹12,360 may indicate a short-term reversal or pause in the uptrend.
OFSS ready to move upthis stock is highly bulish but it is in consolidation,now it seems will give us breakout,we should be carefull but can be taken trade as per this level.
OFSS new all time high incoming??#OFSS a move above 11550 would be a breakout and prove the breakdown as a fakeout.
Just like #DIXON this can go above 12600 in no time after the fakeout and hence should be on our radars.
OFSS can target 10,000 off here??#OFSS can retest this as a resistance and fall a bit further off here!
Can then target 10800, 10500 and 10300 off there with 11500 as invalidation.
OFSS S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
ORACLE - Can it show us a miracle :)Chart is self explanatory. Already given a breakout.
Can we see 4700 / 5000 / 5500 ? Time will tell. Hoping for the best. Cheers.
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf.
- good for intraday trade
- entry is strictly inside the zone
- SL is day close above zone
- for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers).
- don't trade , if u didn't get selling confirmation inside zone
- if day close is above this zone , this pattern becomes invalid , ignore this pick
OFSS10/06/2024
OFSS
CMP: 8406.25
Tragter : 9023-10127-10922
SL:7735
Information is only for study purpose
Oracle Financial ServicesStock is trading at 7650 as on 7-May-2024 which is 15% below its lifetime high. currently the stock is at critical support level... if this level is broken then the next support is at 7,120 and 6,380.
if the bullish trend continues from 7650 levels then the price targets are 8170, 8620 and 9010 in the longer term
Can accumulate in the range of 6380 to 7120
[Positional] OFSS Buy IdeaNote -
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
ORACLE FINANCE ONCE AGAIN MAY GO UPOFSS still in uptrend..
Already HIT our 8k target ..
Now after a dip ,again trying to go up
This time target would be 8200++
Stop 7700
Fundamentally good features..
PE 31 still less than sector PE 36
Positional short term call!
Only for educational purpose!
Please consult your financial advisor before taking any buy/sell..
Oracle financial services may go 8kChart is very bullish
Along with nifty correction stock tested a short dip
If nifty rally in coming days expects a good rally
Expecting to cross 7500 ++ in15 days
8k target
Stop 6k
Risk reward 1:2
Fundamentally very good
Sector in bullish mode
Interestingly stock PE less than sector PE
Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry
OFSS#Breakout Soon candidate.
#Superb fundamental with low PE stock comparison to peers.
#Investment Stock
My investment stockPlease note this stock have my portfolio stock
Very bulish on this stock
Reverse header and shoulder pattern
No recommendation for buy and sell
Fundamentals strong stock
Ofss cup and handle weekly breakout Offs weekly cup and handle pattern breakout seen in for swing target of 4532,4722 and 5137.
Trade set-up_OFSS can give a breakout and rally 10% thereafter!The stock has been attempting to move beyond the INR4200 mark since September 2023 but its every attempt in past was met with some strong supply around the 4200-4250 zone preventing it from moving beyond.
In this ongoing tussle between the buyers and sellers in the past three months the stock made at least 3 attempts to breakout above 4200 and the very same 3 attempts of the stocks are now clearly visible on the chart as an "Inverted Head &shoulders" pattern.
The neckline of the pattern stands at the same old supply zone of 4200-4250.
On decisive close above the 4200 mark and also upon breaking out from the inverted H&S pattern the stock can rally nearly 10% towards the INR 4600 region.
CMP - 4166
SL - 4078(2.4%)
TARGET - 4600(10%)
RR - 1:4
