techtrail
Long

Orient Refractories: Nice Base Formation At Gap Support

NSE:ORIENTREF   ORIENT REFRACTORIE
The stock has slipped from an overbought condition to its support zone at prior gap area. It has been consolidation in a tight range recently. My expectation is a retest of the recent highs if the range breakout happens. Am looking to buy this one today if we manage close near the day's high. Interesting stock !!
Comment: The stock has been performing well in the last couple of days. After a big rally, it has gotten into some consolidation, which is healthy. Here is the horizontal count conservative target for the stock. Check this link for the chart. https://d.pr/i/XUGAa3
Trade closed: target reached: The expected breakout happened and the stock hit the Wyckoff Horizontal count target mentioned in the above link. My expectation is that the price might consolidate for a while as there seems to be some resistance near 260-265 zone.

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