Orient Bell has delivered a decisive breakout above a long-standing consolidation range near ₹310–318, backed by a strong bullish candle and volume expansion. The stock spent several months in a distribution-to-accumulation phase, repeatedly rejecting higher levels before today’s range expansion move.
This breakout marks:
✔️ Clear violation of supply
✔️ High momentum candle (impulse move)
✔️ Volume confirmation → genuine breakout, not a fake move
Price has now shifted market structure to bullish, with previous resistance expected to act as immediate support on retests.
This breakout marks:
✔️ Clear violation of supply
✔️ High momentum candle (impulse move)
✔️ Volume confirmation → genuine breakout, not a fake move
Price has now shifted market structure to bullish, with previous resistance expected to act as immediate support on retests.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.