OFSS Ltd. CMP— Rs 2212.05
We recommend going long in this counter at current levels.
Technical Outlook:-
The most important observation to be made on the daily charts of OFSS is that the share price has given a breakout from a
pennant formation, which is a continuation pattern and suggests the stock has gained momentum for a fresh up move after
consolidating for the past few sessions of trade. The momentum indicators of the stock are still bullish zone and indicate strength
in the current up-move. We believe that the stock price could test the level of Rs 2280- Rs 2350 levels in near future.
Suggested Trading Strategy:-
Hence we recommend buying 50% at current levels and again between Rs 2180--Rs 2160 levels with a stop loss placed below
Rs 2138.70 levels for the targets of Rs 2280 and/or Rs 2350 levels, expected to be achieved over the upcoming 2-3 sessions of trade.
Check our website for free stock market tips on Intraday Trading , Equity Trading Calls , Pay Per call (DV Ace) , Commodities MCX , Commodities NCDEX
We recommend going long in this counter at current levels.
Technical Outlook:-
The most important observation to be made on the daily charts of OFSS is that the share price has given a breakout from a
pennant formation, which is a continuation pattern and suggests the stock has gained momentum for a fresh up move after
consolidating for the past few sessions of trade. The momentum indicators of the stock are still bullish zone and indicate strength
in the current up-move. We believe that the stock price could test the level of Rs 2280- Rs 2350 levels in near future.
Suggested Trading Strategy:-
Hence we recommend buying 50% at current levels and again between Rs 2180--Rs 2160 levels with a stop loss placed below
Rs 2138.70 levels for the targets of Rs 2280 and/or Rs 2350 levels, expected to be achieved over the upcoming 2-3 sessions of trade.
Check our website for free stock market tips on Intraday Trading , Equity Trading Calls , Pay Per call (DV Ace) , Commodities MCX , Commodities NCDEX
