OFSS - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 2.8

Here's a breakdown of why this rating lands where it does, and what to consider if you're planning an intraday trade on OFSS

📊 Technical Indicators & Volume Analysis

RSI: 43.0 → Neutral-to-weak momentum, not ideal for aggressive intraday entries.

MACD: -73.8 → Strong negative crossover suggests bearish momentum.

Volume: 70,455 vs Avg Vol 1Wk: 1,94,553 → Significantly below average; indicates low participation and reduced volatility.

📈 Price Action & DMA

Current Price: ₹8,664

Below DMA 50 (₹8,829) and DMA 200 (₹9,097) → Shows short-term weakness and long-term pressure.

Support Zone: ₹8,600–₹8,640

Resistance Levels: ₹8,750 and ₹8,830

💰 Suggested Strategy

If considering an intraday entry

Optimal Buy Price: ₹8,625–₹8,640 (only if volume spikes above 1L and RSI trends toward 50+ intraday)

Profit Booking Levels

₹8,730 (conservative)

₹8,820 (if momentum improves)

Stop-Loss: ₹8,600

If already holding

Watch for

Intraday RSI move above 48–50

Volume break above 1L with price nearing ₹8,750

Exit Zone

If price struggles to clear ₹8,750 with weak momentum, consider exiting between ₹8,730–₹8,750.

If volume surges and MACD starts flattening, trail stop-loss below ₹8,700 and look for ₹8,820.

⚠️ Caution Points

Low intraday volume and bearish technicals make it risky for scalping.

Fundamentals strong, but intraday setups rely on short-term volatility—not a strength today.

Would you like an end-of-day review for this stock later, or insights on swing trade setups instead?

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