OFSS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.6

📊 Technical Analysis Summary

• Trend Status: Consolidating
• Current Price: ₹8,514
• RSI (41.4): Neutral zone, no strong momentum
• MACD (-80.3): Bearish crossover, downward momentum
• Volume: Slightly below average (1,19,313 vs 1-week avg 1,30,993)
• DMA 50/200: Price below both (₹8,771 & ₹8,927) — bearish signal
• Bollinger Bands: Price near lower band, potential bounce zone

📈 Entry & Exit Zones

• Support Levels: ₹8,300 / ₹7,800 / ₹7,038
• Resistance Levels: ₹8,770 / ₹9,000 / ₹9,500
• Optimal Entry: ₹8,300–₹8,500 (if support holds)
• Exit Target: ₹9,000–₹9,500 (short-term bounce)

✅ Positive

• Zero debt with strong ROCE (62.5%) and ROE (48.8%)
• High dividend yield (3.11%) and solid EPS (₹388)
• PEG ratio of 0.97 indicates reasonable valuation

⚠️ Limitation

• Price below key moving averages — weak technical momentum
• MACD and RSI suggest lack of bullish strength
• Quarterly profit declined by 6.94%

📉 Company Negative News

• Q2 PAT dropped from ₹587 Cr to ₹463 Cr
• Decline in DII holding (-0.05%) may reflect reduced institutional confidence

📈 Company Positive News

• FII holding increased (+0.11%) — foreign investor interest
• Strong fundamentals with no debt and consistent dividend payout

🏢 Industry

• OFSS operates in the software infrastructure segment
• Industry P/E is 37.7 vs OFSS P/E of 22.0 — undervalued relative to peers
• Sector remains resilient with digital transformation tailwinds

🧾 Conclusion

• OFSS is currently consolidating with weak short-term momentum
• Technicals suggest caution, but fundamentals remain strong
• Ideal for accumulation near ₹8,300 with exit near ₹9,500 if bounce occurs

Sources

TradingView

+2