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Chartworld1
Jun 7, 2021 8:59 AM

OFSS- 4000 coming Long

ORACLE FIN SERVICENSE

Description

OFSS taking support at 20 EMA and moving in ABCD harmonic triangle pattern. Can move towards 4000 looking at the price action. If breakout done in monthly chart then significant upside is possible.

Comment

From recommended levels of 3450 to 3930 today. This has given decent returns. I will hold this for a higher target now looking at price action. Revised target could be close to 5500-6000 levels with timeframe of 1-2 years. Will treat this as investment stock and add in dips. This has underperformed IT index compared to its peers so will catch up soon.
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