Oberoi Reality Analysis
1. Trend:
• The stock is in an uptrend within a defined channel.
• It is currently near the upper resistance of this channel.
2. Support and Resistance Levels:
• Resistance levels are visible around ₹2,343 and ₹2,315.
• Support levels are approximately at ₹2,236, ₹2,083, and ₹1,970.
3. Moving Averages:
• The stock price is trading well above the 50-day (yellow), 100-day (green), and 200-day (red) moving averages, indicating bullish momentum.
4. Volume:
• The recent candles have slightly lower volumes, suggesting weaker buying momentum at the current levels.
5. RSI (Relative Strength Index):
• The RSI is near 70, which indicates the stock is in an overbought zone. This could signal a potential correction or consolidation in the near term.
Technical Outlook:
• Bullish Case:
• If the stock breaks above ₹2,343 with strong volume, it could continue its uptrend to new highs.
• Bearish Case:
• A failure to hold current levels might lead to a pullback toward support at ₹2,236 or ₹2,083.
Recommendation:
• Watch for a breakout or rejection at the ₹2,343 resistance.
• If holding the stock, consider trailing your stop-loss near ₹2,236.
• For fresh entry, wait for a correction near support levels or a breakout above resistance with volume confirmation
• The stock is in an uptrend within a defined channel.
• It is currently near the upper resistance of this channel.
2. Support and Resistance Levels:
• Resistance levels are visible around ₹2,343 and ₹2,315.
• Support levels are approximately at ₹2,236, ₹2,083, and ₹1,970.
3. Moving Averages:
• The stock price is trading well above the 50-day (yellow), 100-day (green), and 200-day (red) moving averages, indicating bullish momentum.
4. Volume:
• The recent candles have slightly lower volumes, suggesting weaker buying momentum at the current levels.
5. RSI (Relative Strength Index):
• The RSI is near 70, which indicates the stock is in an overbought zone. This could signal a potential correction or consolidation in the near term.
Technical Outlook:
• Bullish Case:
• If the stock breaks above ₹2,343 with strong volume, it could continue its uptrend to new highs.
• Bearish Case:
• A failure to hold current levels might lead to a pullback toward support at ₹2,236 or ₹2,083.
Recommendation:
• Watch for a breakout or rejection at the ₹2,343 resistance.
• If holding the stock, consider trailing your stop-loss near ₹2,236.
• For fresh entry, wait for a correction near support levels or a breakout above resistance with volume confirmation
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.