Long call on Oberoi Realty

157
Oberoi Realty Ltd is a real estate development company, headquartered in Mumbai. It is the part of Oberoi Realty Group, focused on developments in the residential, office space, retail, hospitality, and social infrastructure segments.
Price action:
1. Current price : 1908
2. Trading Range : 1460-1842
3. Market Cap : Large Cap
4. Chart Pattern : Rising Wedge

II) Support and Resistance Levels
A) primary Resistance : 2000
B) secondary Resistance : 2050
C) primary support : 1820
D) secondary support : 1790
III. BASE FORMATION

A) Rising Wedge
B) Duration : 4 months
C) Base Depth : Rs. 200
D) Quality : 3tops, 3bottoms
E) Break Characteristics : with above avg.volumes

IV) TECHNICAL PATTERNS
A) Rising Wedge
B) Volume accumulation : volume growth
C) Triple tops, Double bottoms

V) TRADE SETUP
A) Early Strategy : Entry between 1850 to 1800
B) Aggressive Entry : 1853
C) Conservative Entry : 1800

VI) STOP LOSSES:
A) Tight Stop Loss : 1770
B) Swing Stop Loss : 1750
Note : These Recommendations purely on
news based and technical analysis, not a fundamental analysis.
Disclaimer : these recommendations are only to education purpose,not for trading and investment purpose please have a advise from financial advisor before investing on my recommendations.

Caution : I am not a SEBI RESEARCH ANALYST AND ASVISOR PLEASE TAKE ADVISE FROM YOUR FINANCIAL ADVISOR BEFORE INITIIATING ANY POSITION ON MY RECOMMENDATIONS.
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