AyushSinghba

Oriental Carbon & Chemicals: Unreal strength

Long
NSE:OCCL   ORIENTAL CARB & CH
-Stock up nicely since last post.
-Looking to enter as a relative strength play. High volume green day when there was blood on the Street.
-Chart still bullish . Expecting price to touch the long term trendline in the coming weeks.

Disclosure: Not invested yet. Not an investment advice. Do your own due diligence.

Comments

Still bullish ? Worth investing at CMP?
Reply
AyushSinghba rubixqube
@rubixqube, I am still holding. Nice consolidation. Kind of a bull flag. Don't see any reason to sell yet.
Shame I didn't buy DCB Bank after posting about it. :/
Reply
rubixqube AyushSinghba
@AyushSinghba, I added at 1145. Have a look at Visaka Industries too.
Reply
AyushSinghba rubixqube
@rubixqube, There's a head & shoulders break on Visaka's hourly chart. Break was on high hourly volume and it ended below the 50 EMA. So I'd wait before investing.

On the daily chart, it has rallied nicely after forming a triple bottom. Will be healthy if it sustains above 690 in the next few days.
Reply
rubixqube AyushSinghba
@AyushSinghba, Thanks for Visaka analysis. I thought so too the same about 690. BTW Oriental Carbon made a move today.
Reply
AyushSinghba rubixqube
@rubixqube, It did. Hasn't broken out of the flag patter on the hourly. Waiting for a close above 1080. Let's see.
Reply
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