OFSS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here's a detailed technical analysis of OFSS (Oracle Financial Services Software Ltd)

📊 Trend Analysis

Current Trend: OFSS is in a short-term uptrend after bouncing from its 50-DMA (₹8,722) and trading above both 50-DMA and 200-DMA (₹8,961), indicating bullish momentum

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Long-Term Position: Trading at 34.6% of its 52-week range (₹7,038 – ₹13,220), suggesting recovery from lows but still far from peak levels

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📈 Momentum Indicators

RSI (63.3): Indicates moderate bullish momentum but nearing overbought territory. Watch for reversal signals if RSI crosses 70.

MACD (140): Strong positive divergence confirms bullish momentum. No bearish crossover yet.

Volume: Current volume (1,11,444) is below 1-week average (1,85,101), suggesting reduced participation post-rally. However, recent spikes (1.25M shares) show speculative interest

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📉 Chart Patterns & Moving Averages

Price Action: Recent gap-up to ₹9,950 followed by profit booking to ₹9,162 shows volatility and resistance near ₹10,000

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Support Levels

₹8,722 (50-DMA)

₹8,500 (recent consolidation zone)

Resistance Levels

₹9,950 (recent intraday high)

₹10,200–₹10,500 (psychological and historical resistance)

📌 Bollinger Bands

Price is near the upper band, suggesting potential short-term exhaustion. A pullback toward the middle band (~₹8,900) is possible before next leg up.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 8,750–8,900 Near 50-DMA, lower Bollinger band

Exit (Short) 9,950–10,200 Resistance zone, profit booking

Exit (Long) 11,500–12,000 If breakout sustains above ₹10,200

🔍 Market Behavior

Trending: Yes, short-term bullish trend confirmed by MACD and price above key DMAs.

Consolidating: No, recent breakout and Oracle’s AI cloud momentum have lifted sentiment

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Reversing: Not yet, but RSI nearing overbought and volume tapering off could signal a pause.

🧠 Summary

OFSS is showing bullish momentum supported by technical indicators and Oracle’s global rally. However, caution is advised near ₹10,000 due to resistance and declining volume. Ideal strategy: accumulate near support zones and book profits near resistance.

Sources

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stockpricearchive.com

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www.analyticsinsight.net

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marketinindia.com

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