Target Price: Rs 2,100Stop Loss: Rs 1,935
Oberoi Realty Ltd has recently broken out from a Cup and Handle pattern on the daily chart, signaling a potential uptrend. This bullish formation suggests a likely rise in the stock price. The notable surge in volume during the last session reflects increased buying interest, further supporting the positive outlook.
Additionally, the stock is trading above key Exponential Moving Averages (EMAs), confirming the ongoing upward momentum. The MACD has also shown a positive crossover, reinforcing the buying interest. Collectively, these technical indicators suggest a bullish outlook for Oberoi Realty Ltd.
(Virat Jagad, Technical Analyst, Bonanza)
