Buy Oracle Financial Services Software, says Shabbir Kayyumi

JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.

Shabbir Kayyumi

Narnolia Financial Advisors

Currently Oracle Financial Services Software (OFSS) is trading above short term, midterm moving averages which shows strength in the scrip. It has given breakout with spurt in volume which is showing upside momentum in coming sessions.

Indicators and oscillators are lending support to its price action. Formation of strong bull candle suggesting positive rhythm in the scrip. By looking at these factors one can buy OFSS at Rs 3970-3950 with stop loss of Rs 3750 for the target of Rs 4300-4350.

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