techtrail

Oriental Bank Of Commerce: Waiting For A Breakout

Long
NSE:ORIENTBANK   None
obc
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2
obc
This stock has been confined to a trading range in the recent weeks. While the overall trend looks bullish , I would prefer to wait for a breakout above the upper red line before taking long positions.

155-156 is the immediate resistance in the weekly time frame. There is a lot higher potential in the monthly charts. Study this chart and plan your trade based on your risk parameters.