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CA Omkar Bhutada - SEBI Reg IA

11th Sep · SEBI-Registered Analyst

🖥️ Oracle Financial Services (OFSS) – Symmetrical Triangle Breakout Watch

OFSS
📊 Technical Setup Pattern: Higher lows since March 2025 forming a symmetrical triangle. Resistance Zone: ₹9,800–10,000 remains the key neckline. Support Trendline: Rising trendline support from 2022 around ₹8,000. MACD: Bullish divergence visible — momentum indicator turning positive after a long downtrend. Volume: Uptick on green candles suggests institutional accumulation. 🎯 Targets Breakout above ₹10,000 can push the stock toward ₹11,500–12,200 levels. Strong support stays at ₹8,000. 🔎 Fundamentals Snapshot Parentage: Backed by Oracle Corp. (global tech leader). Strength: Banking & financial software products, steady margins, and strong cash reserves. Trigger: BFSI digital adoption + global banking transformation = long-term growth tailwinds. ⚡ Trading View: Aggressive traders: Accumulate with stop below ₹8,000. Conservative traders: Wait for weekly close above ₹10,000 for confirmed breakout. Risk-Reward: Attractive risk-reward as stock is near support trendline.

#StockInNews#Today’sTradingSetup#WatchOutFor#FundamentalViews#TechnicalViews
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