A good momentum is starting in the Oberoi Realty and stock started moving for past few days after a consolidation for past few weeks.
adx is moved to positive territory and gaining strength and macd is about to cross the zero line.
Oberoi Realty standalone result was good in q2 2019 with profit after tax up 34% and muted consolidated results.
In weekly chart also stock gaining momentum with stock just crossed 20 ema, adx gaining momentum and macd about to cross signal line.
Overall stock is moving to positive mood but overall nifty and sensex in the consolidation mode. If main market sustain at current levels more upside possible in the Oberoi Realty stock as per the technical parameters.