OFSS closes at 2190.25 with a fall of -3.0% on 17 June 2011 with formation of Long Black Candle & Hits the Upper Price Band of Rising Wedge on Daily Price Chart. Technically, OFSS looking extremely week on Charts. Major Momentum Indicators are in bearish zone. Buyer-Seller Force Index,RSI, Ultimate Trend Cycle & Twinggs Money Flow & TAIO are looking week on Daily Price Chart.
We Recommend to SELL - OFSS at CMP
Target- 2086
Stop-Loss – 2208
Time Frame- 5-20 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
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