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Oberoi Realty Ltd

BUY 27 OCT 1720 CALL Entry Range 47 – 52 Target 78 Stop Loss 35

Rationale

• OBEROIRLTY has witnessed a recovery from its recent swing low near the 1,660-1,670 zone, with the stock prices exhibits a early sign of recovery towards the short-term moving averages.

• From a technical prospect, prices are continues to trade above their long-term moving average of 100-WEMA, indicating that the broader trend remains strong. The 1,760-1,790 zone is likely to act as an immediate target area.

• Momentum indicators show early signs of recovery, with the RSI hovering above the 40 mark, rebounding from lower levels. The MACD histogram remains in negative territory with fading negative pressure, suggesting that bullish momentum is yet to confirm.

• Sustained trading above the 1,700 zone could support further recovery towards the immediate hurdle zone. However, a decisive breakout above the moving averages is required to confirm a stronger reversal, while 1,660 remains a crucial downside support

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