ONE MOBIKWIK SYSTEMS LTD BUY

 

FIRST TAREGET DONE IT 316 MAKE HIGH  317 19/3/2025 

SECOND TARGET DONE IT MAKE HIGH 354 19/3/2025

Technical Analysis of ONE MOBIKWIK SYSTEMS LTD

Based on the provided    BUY 265-270 ABOVE  

Key Levels:

Support Levels:

230-240 INR (0.786 Fibonacci Level) – Strong support zone.

261 INR – Minor support.

Resistance Levels:

276-280 INR (0.618 Fibonacci Level) – Strong resistance.

292 INR (0.5 Fibonacci Level) – Next major resistance.

316-339 INR (0.382 Fibonacci Level) – Strong long-term resistance.

Indicators Analysis:

Fibonacci Retracement: The stock is trying to reclaim the 0.618 Fibonacci level (276 INR). A break above 276 INR can push it toward 292-316 INR levels.

RSI (Relative Strength Index):

RSI is at 55.15, indicating a neutral to slightly bullish momentum.

The stock recently rebounded from an oversold zone (below 30), showing signs of buying interest.

Volume Analysis:

A recent spike in volume suggests increased trading activity. If volume remains strong, an uptrend could sustain.

Trade Strategy:

Buy Entry: Above 265-270 INR with confirmation of strength.

Target 1: 276 INR (0.618 Fibonacci Level).

Target 2: 292 INR (0.5 Fibonacci Level).

Target 3: 316 INR (0.382 Fibonacci Level).

Stop Loss (SL): Below 240 INR (recent low and strong support).

Final Verdict – Buy, Sell, or Hold?

📌 If Holding: Continue holding if the stock stays above 265 INR. Watch for a breakout above 276 INR for further upside.

📌 If Planning to Buy: Enter above 265-270 INR with a stop loss at 240 INR.

📌 If Already in Loss: If the price falls below 240 INR, consider exiting to avoid further downside.

Long-Term Positioning

If the stock sustains above 276 INR, it may recover toward 292-316 INR in the coming weeks.

If it breaks below 230 INR, expect further downside, so a strict stop-loss is needed.

🚨 Decision: Watch for 276 INR breakout; enter cautiously with SL at 240 INR.