Multi Year Breakout - Cup and Handle Pattern (Don't Miss)
Orient Bell belongs to the Industry of Ceramics/Tiles/Sanitaryware.
The Stock broke out of a multi year breakout and retraced back to test its breakout levels. The stock is clearly bouncing with Cup & Handle pattern on chart.
The Company has delivered some outstanding figures in FY 21. Sales and EPS has grown dramatically during last three quarters. Further, Promoters have also increased their stake from 61.77% in June 2020 to almost 64% in March 2021.
Targets and SL given on charts. Time Period 2-4 Months.
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The Stock broke out of a multi year breakout and retraced back to test its breakout levels. The stock is clearly bouncing with Cup & Handle pattern on chart.
The Company has delivered some outstanding figures in FY 21. Sales and EPS has grown dramatically during last three quarters. Further, Promoters have also increased their stake from 61.77% in June 2020 to almost 64% in March 2021.
Targets and SL given on charts. Time Period 2-4 Months.
Feel free to share your feedback and queries. Don't forget to follow me for upcoming posts.
Trade closed: target reached:
All Targets were done June 11, 2021