OFSS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | OFSS | Market Cap | 84,681 Cr. | Current Price | 9,726 ₹ | High / Low | 9,950 ₹ |
| Stock P/E | 30.5 | Book Value | 806 ₹ | Dividend Yield | 2.72 % | ROCE | 49.4 % |
| ROE | 38.1 % | Face Value | 5.00 ₹ | DMA 50 | 7,675 ₹ | DMA 200 | 7,955 ₹ |
| Chg in FII Hold | -0.32 % | Chg in DII Hold | 0.30 % | PAT Qtr | 1,111 Cr. | PAT Prev Qtr | 614 Cr. |
| RSI | 85.7 | MACD | 701 | Volume | 3,83,615 | Avg Vol 1Wk | 6,30,702 |
| Low price | 6,232 ₹ | High price | 9,950 ₹ | PEG Ratio | 1.89 | Debt to equity | 0.00 |
| 52w Index | 94.0 % | Qtr Profit Var | -39.5 % | EPS | 319 ₹ | Industry PE | 35.5 |
Chart Patterns & Moving Averages: OFSS is trading well above its 50 DMA (₹7,675) and 200 DMA (₹7,955), confirming strong bullish momentum. Price action shows support near ₹9,600–₹9,650 and resistance around ₹9,900–₹9,950.
RSI & Momentum: RSI at 85.7 signals extreme overbought conditions, cautioning against aggressive entries. MACD at 701 is strongly positive, confirming robust upward momentum.
Bollinger Bands: Price is near the upper band, suggesting stretched valuations and potential short-term pullback.
Volume Trends: Current volume (3.83L) is below average (6.30L), showing reduced participation despite price strength.
Entry/Exit Zones:
- **Entry:** ₹9,600–₹9,650 (near support zone)
- **Exit:** ₹9,900–₹9,950 (resistance zone)
- **Stop-loss:** ₹9,500 (below support)
Trend Status: Strong uptrend with bullish bias; short-term consolidation or correction possible due to overbought RSI.
Positive
- Exceptional ROCE (49.4%) and ROE (38.1%).
- EPS at ₹319 reflects strong earnings power.
- Debt-free balance sheet (0.00 debt-to-equity).
- Dividend yield at 2.72% adds investor appeal.
- PAT growth from ₹614 Cr to ₹1,111 Cr.
Limitation
- RSI indicates extreme overbought zone.
- Valuation stretched compared to industry PE (30.5 vs 35.5).
- High volatility with wide 52-week range (₹6,232–₹9,950).
- Volume below average, limiting breakout conviction.
Company Negative News
- Quarterly profit variation down (-39.5%).
- FII holding decreased (-0.32%).
- Risk of profit booking near resistance levels.
Company Positive News
- Strong quarterly PAT growth.
- Increased DII holding (+0.30%).
- Consistent dividend payout supports investor confidence.
- Robust fundamentals with high efficiency ratios.
Industry
- Industry PE at 35.5, slightly higher than OFSS’s valuation, making it relatively attractive.
- IT services sector supported by global demand for digital transformation.
- Competitive peers with similar growth but lower dividend yields.
Conclusion
OFSS is in a strong uptrend with excellent fundamentals and bullish technical signals. Entry near ₹9,600–₹9,650 offers upside toward ₹9,900–₹9,950, but strict stop-loss discipline at ₹9,500 is essential due to overbought RSI. Best suited for disciplined swing trades with risk-managed setups.
This HTML report captures OFSS’s strong momentum, valuation stretch, and disciplined trade setup. Would you like me to extend this into a long-term investment overlay comparing OFSS with peers like Infosys, TCS, and Wipro to highlight relative valuation and efficiency ratios?