Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point...
Have a look at Self explanatory chart with my comments.
Showing positive divergence.
Can be good chance to do bottom fishing.
If price remains below 218.05 well and good.
Make or break level 203 to 205.
Strict stoploss should be in place.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Triangle
📌 Symbol/Asset: ORIENT ELECTRIC
🔍 Description: Near By Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
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💰 Don't miss out on this golden...
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.
A small cap company with better fundamentals than its peers.
Expecting a potential double bottom with bullish divergence in RSI, trendline support and golden FIB zone to act as strong reversal zone.
Good to accumulate around 230-245 levels for the following targets:
Short term swing target @ 343 (43% ROI with 2.94 R:R)
Medium term swing target @ 465 (93.75%...
orient electric is in its 5th wave!!
one can take swing trades from 248.
targert 1- 300
target 2- 320
one can go on look at higher time frames, to analze my targets. but yes, the bull will start soon after completing its 5th wave.
ORIENT ELECTRIC - Confluence of channel bottom + last support zone + 50 ema
The set up seems good to make a trending up move from here.
Keep strict SL of 50 ema here.
Sector: Home Electronics & Appliances
Company: Small cap
Risk: Moderate risk
Orient Electric is focused on providing lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.
Orient Electric reported revenue growth of 37% YoY/41% QoQ to INR 594 cr.
View chart for entry levels and maintain your own stop loss.
Analysis: Buy...
