Arshad_Khatib

EXPECTING BREAKOUT IN ORIENTCEM

Long
Arshad_Khatib Updated   
BSE:ORIENTCEM   ORIENT CEMENT LTD
ORIENTCEM is at its breakout level One can buy it on your own between 151-155
For positional and intraday both can be done. STOPLOSS WILL BE 135

THIS RECOMMENDATION IS ONY FOR EDUCATIONAL PORPOSE PLEASE MAKE YOUR ONW RESEARCH BRFORE INVESTING
WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS


HAPPY INVESTING..!!
Comment:
TODAY
ORIENTCEM MADHE A HIGH OF 163.5
WE ARE WAITING FOR OUR FULL TARGET AND NOW EVERYONE SHIFTY STOPLOSS TO BUYING PRICE.
EVEN IF THE MARKET FALLS WE WOULD EXIT CTC
BUT IT IS JUST 1% CHANCES OF FALL IN ORIENTCEM

PLEASE DO LET ME KNOW IF ANYONE TRADED IT.
Comment:
Today ORIENTCEM made a high of 171 crossing our 2nd Target . Giving 14% returns
I request to Shift stoploss to Buying price although there is only 1% chance of Fall from these levels.
The stock has closed weak but has taken good support from its Opening.
Ours Gates are still open and Bullish for the Full Target
Comment:
The price Band Between 170-172 is Support Zone
And Made a new high of 173 today
And Once again there is a high chance that all Target Of 185++
Comment:
ORIENTCEM showed a good lower price rejection toady.
As we can see that Previous Day Candles formed a Bearish Pin bar candle which I had fear that it would Lead To a fall in this stock.
Today the Stock fell but Did a good recovery too.

We must see what happens in next trading session to see that does the stock fells or Rises

I recommend to shift the Stoploss to Cost Price in any case Fall comes we would Exit CTC.

Hope Some Trader have booked profit on 15% gain.

If any one is in profit or booked profit or observed this trade then please let me know in the Comments
Comment:
A Big Fall came today I n Orient Cement
It had taken support on a Trendline
Hope it would Bounce back frome it

The selling volumes are not so strong and High
It is showing us that it is a Profit Booking nothing more.

We would Exit CTC if any More fall comes
No loss in Capital

Hope some traders book some Quantities on 2nd Target.

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.