OFSS - Technical Analysis

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

📊 Technical Analysis Summary for OFSS (Oracle Financial Services Software Ltd.)

Technical Rating: 3.2

📉 Trend & Momentum Overview

Trend Status: Consolidating to mildly bearish

Price Action: Trading below both 50 DMA (₹8,829) and 200 DMA (₹9,097), indicating short-term and long-term weakness.

RSI (43.0): In bearish territory, suggesting lack of buying momentum.

MACD (-73.8): Deeply negative, confirming bearish momentum.

Volume: Current volume (70,455) is significantly below 1-week average (1,94,553), showing weak participation.

📈 Chart Patterns & Indicators

Moving Averages

Price below key DMAs → bearish bias.

50 DMA < 200 DMA → no golden cross, trend remains weak.

Bollinger Bands

Price near lower band → potential oversold condition.

Bands narrowing → low volatility, possible breakout setup.

Support & Resistance Zones

🔍 Short-Term Signals

Momentum: Weak, with bearish MACD and neutral RSI.

Volume Trend: Declining, not supporting bullish reversal.

Volatility: Low, as indicated by Bollinger Band compression.

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹8,620–₹8,700 (near support, oversold signals)

Exit Target Zone: ₹8,900–₹9,000 (resistance cluster near 50 DMA)

Stop Loss: ₹8,550 (below strong support)

🧭 Conclusion

OFSS is currently in a consolidation phase with a bearish tilt. Momentum indicators suggest caution, and volume weakness adds to the lack of conviction. A bounce from support is possible, but confirmation via volume and MACD crossover is needed for bullish confidence.

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