“Falling channel” Breakout pattern
OBEROIRLTY on the weekly chart has decisively broken out above the “Falling channel” at 880 with strong bullish candle
Stock is well placed above 20, 50, 100 Stock is well placed above 20, 50, 100 and 200 daily SMA indicating positive momentum..
Stock also broken out above “Double Bottom” pattern on daily chart indicating a positive bias.
The weekly strength indicator RSI is holding above its reference line indicates positive momentum.
The above analysis indicates an upside of 970- 990 levels.
Buy Range: 888-872 Stop loss: 835 Upside: 10%–13%
Stock is well placed above 20, 50, 100 Stock is well placed above 20, 50, 100 and 200 daily SMA indicating positive momentum..
Stock also broken out above “Double Bottom” pattern on daily chart indicating a positive bias.
The weekly strength indicator RSI is holding above its reference line indicates positive momentum.
The above analysis indicates an upside of 970- 990 levels.
Buy Range: 888-872 Stop loss: 835 Upside: 10%–13%
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