Orient Electric ATH view

I have took trade in Orient Electric (ORIENTELEC)

Entry - 271
SL - 259
Target - 390 and 490


Current probability - 50%
Pros:
1. Fundamentally good stock
2. RR = 1:9 and 1:18

Cons:
1. Market is already in over bought zone

Note : Invest with half quantity to reduce the loss size.

Comment:

Updated the SL at 165

Trade closed: stop reached:

Has Closed the trade at 266.2 as the price action was very bearish.

Will Reenter at 271-275 Price levels.