Sunday, 22 February 2026

A TECHNICAL UPDATE ON OFSS –23.2.2026

 

ORACLE FINANCIAL SERVICES

Open—6650--High—6694—Low—6593—Close—6642.50 on 20.2.2026.

Technically it is on a very weak footing and likely to go down further, but it is important to mention here that it has good support in the range of 6400—6381----5979 so it may bounce back from here for a while but break below this range can drag it down to much lower levels and moving down further the worst price range for the stock could be 4200—3700 as of now.

Similarly if it moves 7038 and sustain on the closing basis then it may give an indication that it can move up further and finally if it moves above 7687 & 7699.50 and sustain on the closing basis then it may gain strength and can extend the up-move further and may resume continued up-move.

In view of the above observation one can structure their trade or investment accordingly.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose.

 

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

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