GREENPOWER
WEEKLY TIMEFRAME
Note Please leave comments for any query.
Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
PRABHUMAYAKANNAN
As per previous chart history and technical analysis along with Fundamental inputs of the stock, it indicates that you can buy or hold your stock for profit in short term as per chart analysis.
Wait for reversal for better entry or Buy above 23.50 and safe Buying above 25 and hold for big profit.
If broken downward, a big bearish trend is seen on the downside...
Target and Stoploss in chart - Purely Technical and sector boom not to do anything with fundamentals
Market Cap
₹ 1,074 Cr.
Current Price
₹ 14
Stock P/E
51.8
Book Value
₹ 6.97
Dividend Yield
0.00 %
ROCE
7.15 %
ROE
1.82 %
Face Value
₹ 10.0
Promoter holding
32.5 %
EPS last year
₹ 0.43
EPS latest quarter
₹ 0.11
Debt
₹ 1,091 Cr.
Pledged percentage
100.0 %
Net CF
₹...
Orient Green Power Prediction for Swing/ Positional Trading
You can enter into trade above Entry level (14.70) daily close basis or after 15.6 safely CMP is 14.35 . There is a resistance 15.10-15.6 level. You take it purely on long positional basis also.
Strong Supports are shown in the chart.
Targets- 16,20,30,40,.. (more will be updated...
3T VCP characteristics!
Prior Uptrend of 48%
Expecting it to go near 15, and then 5-6% bearish movement.
Add at that time, Entry near 14.10-13.80.
SL - 13.50 AFTER YOU ENTER!
TIMEFRAME - 10-15 DAYS
LET IT TRIGGER BEFORE ENTERING
the stock is at confluence support of channel top edge, 8 and 21 ema and in addition hidden divergence................stock can be bought for a target of 24.85
Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. It focuses on the development, owning, and operation of wind energy power plants located in the states of Tamil Nadu and Andhara Pradesh. The company was founded by Thyagarajan Shivaraman in October 2006 and is headquartered in Chennai, India.
NOT A SEBI REGISTERED TRADER...
Orient Green Power CMP - 3.45
Looking bullish in higher time frame. One can go for Short Term Trade setup with the following entry, exit & targets
Buy Range 3.45 - 3.75 / Stop Loss 2.40
Target 1 - 5.50
Target 2 - 6.50
Target 3 - 7.50
Disclaimer: This is my view and for educational purpose only.
