In the previous session, the market witnessed volatility throughout the day. The Nifty index opened on a negative note but gradually recovered some losses. On a technical note, the index formed a Doji candle with a long lower wick on the chart and closed with a net loss of 73.10 points. Market looks volatile in the coming sessions, hence a cautious approach is advisable for the next trading day.
Look at the below research report of ‘Stocks to Buy for Tuesday, February 28,2023′ before the market opens.
Oberoi Realty Ltd.
In the last trading session, stock made a Bullish candle on the chart and closed with a gain of 1%.Stock has given a breakout from the middle band Bollinger, it suggests that the stock has recently experienced high volatility and may continue to move in the same direction. The Relative Strength Index (RSI) on the daily chart is 52. In short, the trend for OBEROIRLTY looks to be positive for now. Positions can be created around current levels, which can take prices towards 880/907 level. On the other side, 825 level will act as an immediate support for the stock.
Check More Analysis on OBEROIRLTY at: Oberoi Realty Ltd.