Buy Oracle Financial Services Software above 1950: Mitesh Thacker, Technical Analyst

The price target above 1950 would be 2035 to 2050 and the stop loss should be 1905.

| Updated: Sep 22, 2011, 10.59 AM IST

In a chat with ET Now, Mitesh Thacker, Technical Analyst shares his views on OFSS.

What is your call on OFSS?

I have got a buy on OFSS. Again a very strong price and volume action yesterday but probably I would wait for the stock price to trade above yesterday’s highs of 1950. So in case the stock goes against the trend, kind of confirms this strength by trading above the yesterday’s high in a weak market, this would be a buy candidate. The price target above 1950 would be 2035 to 2050 and the stop loss should be 1905.

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