Orbit Exports is forming an irregular rounding bottom. High spike at the end of Jan shows big players has entered. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish
. When buyers enter the market at a low price, it increases the demand for the stock . Once the rounding bottom is complete, the stock breaks out and will continue the uptrend. I expect this stock to gain 30 to 40
points in a year or two.