Orientbell Ltd stock is trading at around 50% discount from its all time high, it gave breakout in Jan 2022 and has come to retest the breakout level now, it may take support from there and bounce back.
keep all time high as your first target, book 50% profit at 1st Target and carry remaining for further rally.
After making a Strong Higher high on Monthly Timeframe,
Stock is down to it Retracement point.
Best to buy the Stock in Parts for a Shortterm Investment.
Follow Price Action and Money Management.
we are looking ORIENTBELL bullish move.
Disclaimer:
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Dear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:ORIENTBELL I you've been following. The stock has recently taken support at a key level, indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name-...
ORIENT BELL NSE is Bullish if 660 holds. Near LifeTime High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose only. Not Buy/Sell Reco. Sebi unregistered.
NSE:ORIENTBELL Broke out of an ascending triangle pattern. Breakout candle is excellent - Gap up and huge volumes. Price is also above its all time high.
A price action trade can be taken in this script with conservative buying and position sizing because of weak markets.
Enter 10% of position at C.M.P and the rest after retrace.
Expect bigger momentum if the...
