Technical Analysis Oracle Financial Services SoftwareLimited

The stock

is currently undergoing a sharp corrective pullback within its broader primary uptrend on the daily timeframe. After completing a massive multi-month rally from the 6400 lows up to an all-time peak near 12400 the stock faced heavy profit booking. It is now attempting to establish a price floor around a major structural support level. The stock is trading at 10386, attempting to consolidate after a steep multi-week descent from the 12400 peak. The short-term momentum has been bearish but the recent candles indicate an initial deceleration in selling pressure. Immediate Support The 10,000 to 10,250 zone represents a critical demand zone. It marks a major psychological round number as well as the prior swing-high consolidation base from June–July. Holding above this baseline is essential to prevent a deeper slide toward the secondary support area around 9200–9500. Immediate Resistance (11000 – 11400) Any technical recovery will face overhead supply between 11000 and 11400, which acted as the breakdown pivot for the latest correction leg. A decisive close above 11400 is required to signal a structural trend reversal. For short-term swing traders entering immediately carries risk until a clear reversal confirmation appears. A safer entry requires waiting for the stock to contract its volatility near 10200 and print a bullish reversal bar on higher volume.