AyushSinghba

Oriental Carbon & Chemicals: Show me the money.

Long
NSE:OCCL   ORIENTAL CARB & CH
-Small bullish wedge formation.
-Stock price near key support.
-Rs.1000 mark is also a key psychological support that is holding up well.
-Slight divergence on RSI .
-Divergence on Stochastic .
-MACD at historic oversold levels suggests that the stock might be oversold.
-Divergence on MFI from oversold territory.
-Stock has a good history of bouncing whenever MFI was indicating oversold along with divergence.
Trade closed: target reached: Will wait for rest of the resistance zone.

Comments

Hey, How does OCCL look now? back to near 1000 levels. Worth entering again? Results are not that bad. Thanks.
Reply
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