Will go long on tight stop, consolidating after breakout...
Orient Electric has been in strong buy zone. Even in week markets the stock seems to be strong. The target of 386 is achievable in short term of 3 months which is 12% up from current levels of 344. You can keep liberal stop loss of 315 on weekly closing basis. **ideas are my own**Invest as per your risk taking ability**
IN DAILY TIME FRAME THIS STOCK IS FORMING A CUP AND HANDLE PATTERN. ONE CAN GO LONG ABOVE -348 STOP L AROUND- 330 (AS PER YOUR RISK) ///DO YOUR ANALYSIS ALSO///
volume breakout rsi convergence rounding bottom stoploss= breach of trendline of nearest support which is placed around 316 target= around 356-360
Cup and handle formation in daily time frame Expecting a good upmove above the marked resistance level on a closing basis Target level marked **Educational View only
Cup and Handle breakout on daily chart
DATE: 11 MAY 2021 INSTRUMENT: ORIENT ELECTRIC TREND: BUY TIME FRAME: DAY CMP: 288.85 BUY ABOVE: 295 STOP LOSS: 277 TGT 01: 303 TGT 02: 317 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Orient electronics is trading at 284 and is in consolidation, if it crosses and holds above 285 there can be a short term breakout in near term. Target to achieve is 355 Education Purpose
Stock is at support level of the uptrend, may go long for target of 204, SL 172. The stocks discussed do not constitute Investment advise and is merely an effort towards enhancing learning and knowledge
Accumulate Orientelec till 170 with SL 159 WCB for a target of 240 and 260.
ORIENT ELECTRIC - SHORT TERM SELL, LONG TERM BUY