Orient Green Power - Potential C&H in making. Safe above 27.28
Orient Green Power- Getting its 2nd right issue in coming days for 250 Cr.
The current qtr results have been good and Energy sector is a sunrise sector and is expected to do well, while the chart appears to be forming potential Cup & Handle Pattern.
Aggressive investors can enter at current price at around 21, to receive rights issue at discounted price.
While low risk appetite investors should wait for the stock to perform and complete the handle and enter only above 27.28.
Views valid above 27.28 with strict stop loss of 17.80
Disclaimer : Please do you own research and don't treat this as Buy/Sell advice.
The current qtr results have been good and Energy sector is a sunrise sector and is expected to do well, while the chart appears to be forming potential Cup & Handle Pattern.
Aggressive investors can enter at current price at around 21, to receive rights issue at discounted price.
While low risk appetite investors should wait for the stock to perform and complete the handle and enter only above 27.28.
Views valid above 27.28 with strict stop loss of 17.80
Disclaimer : Please do you own research and don't treat this as Buy/Sell advice.
Disclaimer
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