Oberoi Realty Ltd. is currently exhibiting remarkable strength across various technical and fundamental indicators, making it an enticing prospect for investors. In terms of technical analysis, the stock shows a "Strong Bullish" sentiment in several areas.
The PriceVol indicator reflects "Strong Bullish" sentiment, with rising prices accompanied by increasing...
Price has a pullback in Upward Direction before it continues the DownTrend in the Higher timeframes Daily Demand to Daily Supply, Confirmation and Trade in 4H
Reward to Risk is favourable hence Long
ENJOY THE RIDE ! ! !
#OBEROIRLTY📊
👉Inverted Head & Shoulder Pattern📈📉
👉Breakout above 890+ Closing✅
👉Entry after Breakout
👉After Breakout possible targets 930/950/1000+🎯
👉Add to your watchlist👍
The daily chart shows the 100- and 200-day MAs are one track to cross bullish.
This one is special considering the bear cross of two confirmed in June marked a price bottom.
A bull cross after a failed bear cross often brings solid gains.
The stock has carved out a bull flag on the monthly chart.
The charts are showing strength for a upside of 10-12%. After a side move for a month the stock is on the verge of a breakout.
RSI is also rising . Nifty should hold 16200 and move upside for this move. The stock is trading above the 21 MA .
#Simple analysis.
Please note this is not a recommendation to buy, just my analysis. Please do your study, research before...
Oberoi realty is looking strong if it closes above 1000 today. It has already given trendline breakout and retested its breakout level. If it breaks it 52 week high of around 1050, it can go upto 1100 in short period of time.
It is also a good intraday trade above 1017.
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2.5:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
